The one good thing about getting a warranty locally is that if there is a problem you can just bring it back to the store instead of going through the BS of sending it in to get repaired, waiting and dealing with the customer support especially blows. My boy got red ring and he just brought it back to Best Buy cause he had an extended warranty. I'm never one to go for extended warranties myself but after seeing how effortless it was for him to get a new 360 I'd say it's definitely worth it when buying a new Xbox. I mean it's cool that MS has 3 years for red ring but once you get hooked on all those 360 games you won't want to be without it for the couple of weeks it take to go through the rigamarole of a repair.
I have another friend who swears by Target due to their inexpensive warranties.
I LOVE paying for Xbox Live! I also love that my love for it pisses off so many people.
