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Mandalore76 said:

Between my brother and I, we went through 6 "state of the art" 360's (each had 2 die RROD, each have 1 working now).  Meanwhile, my 2007 Wii still runs like a champ.  Quality is as quality does.

True. 

Also, regarding the idea that the Wii simply wasn't that difficult to manufacture, Iwata has a quote about that.

"While we are on this subject, it looks like some people are misunderstanding that Nintendo is not incorporating state-of-the-art technologies into its products. It is not true. Just as an example, we are using the state-of-the-art technologies to realize the compact-sized Wii console with low power consumption. Making a significant volume of the high-tech hardware, and making an additional volume, is not an easy task at all. In fact, when we clear one bottleneck for a production increase, we will face another one. "

He also says this:

"One thing is clear, though, that shipments will increase and that we are trying to increase the shipments in order to comply with the needs of patiently waiting customers."

I'll say it again, artificial scarcity theory relies on the idea that Nintendo is lying to investors and analysts.