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rocketpig said:

This isn't like the PS2 situation where people just threw them away when they broke. MS is fixing all the 360s for free.

 I highly doubt people just threw out their PS2's when they broke, all you had to do was phone Sony and get a new one if it was covered, and if it was passed the warranty you could get one cheap from them.  This is what i did.

MS does not fix all broken 360's for free, the extended warranty only works on the RRoD not the rampant faulty disc drives.  Before they extended the warranty everyone was paying $140 to get a replaced 360.  Go search the official 360 forums.