just because its old doesnt mean it will fail anytime soon, i know lots of people with launch day 360s that are still going strong, a lot of it is a matter of upkeep, take care of it and it will last longer
that said, if you want HDMI i would suggest selling it and getting a slim, as Ice Storm said gamestop has some decent trade in offers. or keep it, and get a second 306 if you have the money, but i like system link so maybe thats just me
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