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noname2200 said:
Warranties apply to both, yes. The only real difference for the consumer between the two that I've heard of is that Jasper will be quieter than Falcon, although it's probably a bit more reliable than the Falcon as well (Since Falcon was intended to be a stopgag).
 Firstly chips dont make noise, the fans emit the noise. Second Falcon isnt a stop gap for jasper as they are different chips. Falcon is the CPU and Jasper is the GPU. With both Falcon and Jasper the 360 will be significantly cooler hence no RROD.