If you’re a gamer then its no secret the Xbox 360 has its problems. From disc scratching to the notoriously known three red lights known as the RROD, it’s all been said. Since its release on November 22, 2005, many articles have appeared in the media portraying the Xbox 360's relatively high failure rates. Recently, there has been legal action taken attempting to hold Microsoft responsible for the failure rate among the Xbox 360 and provide reasonable compensation for those affected.

When the 360 console experiences a "general hardware" failure as called by the glorious MS representatives, three flashing red lights appear around the power button, in lieu of the four green lights indicating normal operation. In the early months after the console's launch, Microsoft stated that the Xbox 360's failure rate was within the consumer electronics industry's typical 3% to 5%.

Nevertheless, Microsoft has not released their official statistics on the failure rate of the various versions of the console; the company's press relations policy is to focus on the prompt resolution of any technical problems. But they were certainly aware of the problem which brought along the extended 3 year warrant for every Xbox 360 console that experiences the "general hardware failure" indicated by three flashing red LEDs on the console.

That was cool and all but many buyers of the 360 were and still are upset at the thought of what will happen after the 3 year warranty. I’ll tell you, a $100 repair bill.

As the 3RROD problem surely still persist but is no longer as wide spread as portrayed it to be, a old error is becoming very persistent in the Xbox 360 and its called the E74 error. This even happened to me back in June last year. What you start to notice is that during gameplay, you see a lot of graphical errors on your screen and start freaking out thinking your brand new $3000 HDTV has bitten the dust. No, the problem is actually your 360. During a game its usually weird color lines all over your screen.

I love that a ps3 owner is posting this.

I might have to  post a sony is doomed article there are plenty of those.