I have an xbox 360 for 1 year already. so far no 3RL or ring of death (crossed fingers). I've updated the firmware 2007 spring update. Now it can play HD Movies (MP4)! Looks great on a LCD TV with High Def Movies.
How can you update your firmware sir?
btw, Our XBOX 360 displayed three red lights... I reset the console and the 3RL disappeared. Is this a sign of our XBOX's death or just an error?