The said:
funny to see so many people finding reasonable the OP... I too think it is fair.
However, the things he dislikes are more of a DEAL BREAKER. I mean, look at the "pros", I can certainly live without many of those things like "1080p showing on my screen, even if I know it's upscaled" or "fast downloads", etc, etc. but now look at the "cons" RROD? Hard Drive serious limitations (especially after he includes the downloading of stuff to a HDD as a "pro"), No WiFi (after he list connectivity as a pro), and paying $50 every year for online gaming? Now all that certainly outweighs the things he likes by a mile. Add the "noise" which everybody here seems to agree with, and I can't see how someone would be motivated by that deal...
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Actually, I consider myself a rather serious gamer and I only have a 20gb hard drive, no wifi, and spend more on coffee each month than Live. No, those things are certainly no deal breaker.