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Obviously, the original Xbox 360 model had very serious reliability issues, I don't think anyone can deny it. I don't think there are any hard facts, but I believe over 1/3 failed.

But this was down to M$ trying to save money and designing it themselves without any experience I believe. Since then they have sorted the issue and personally, my 2nd generation fat Xbox worked fine until I upgraded it to a nice 360s

For the record, my launch PS3 broke and had to be replaced twice. It then got changed into a blu-ray player and I moved onto another PS3 cause I feared it would break. I don't feel 100% confident of this one lasting for the rest of the year, it makes loud noises....