I have had 2 RROD and both were covered under warranty. I had an original 20 gig pro console that RROD on me in September of 2007. How do I remember so well you ask? Because I was chosen to play the COD: Modern Warfare beta and downloaded it, played one map and BAM the red lights. A week later Halo 3 released and I didn't have my console back from MS but I still went at midnight to buy it :) Second time it red ringed was a year later or so. I sent that in (still under warranty) and later on ended up giving it to my friend and bought the new 360s which I LOVE.
The RROD was a huge problem and along with most likely everyone else who has had it I got pretty pissed when I saw those red light. But at least MS owned up to it and extended warranties to 3 years on the consoles so I didn't really have to spend a penny fixing the problem.
Not interesting I know.
