I was surfing on the Web and found this blog.
Let me know what you think - post your impressions on if you think it's true or not.
NOTE: If you come in to flame or troll, I will report you. That's a promise.
West Virginian Joystiq.com super blogger and Monte Cristo sandwich fanboy Justin McElroy has authored a series of stunning posts that bring the rising trend of a disturbing Xbox 360 error to light.
The E74 error is caused when the "ANA" image scaler chip fails, overheats or there is serious AV connection problem. The hot air flow from the CPU and GPU goes right over the location of the ANA chip so it might be slowly cooked by normal use.
An Xbox 360 that is suffering an E74 error will have the lower-right quadrant of the Ring of Light flash on the front on the console and a multiple languages error message may display that will read "E74. System Error. Contact Xbox Customer Support." or the screen will simply glitch out and display a feild of video snow.
The E74 errors can show up during game play causing the game to lock up. It might go away after the system has a chance to cool off but some Xbox 360 consoles will have chronically reocurring E74 errors making them un-usable and un-fun. This sucks for everyone involved. It sucks for the gamers and it sucks for Microsoft since they want you to have a working console and to buy more Xbox games.
This sucks since videogames are supposed to be fun. Users should not have to worry about getting an E74 or RROD hardware failure error. In my RROD insider articles I pointed out that the Xbox 360 has a fault intolerant electronic hardware design. That basically means that once there is a failure in one part of the design the entire system will stop.
Source: http://blog.seattlepi.com/digitaljoystick/archives/164682.asp?from=blog_last3
