This has now been the 3rd time. It's a generation 1 xbox (big fat white one) and after being repaired once under warranty 3 years ago, fixed myself last year with new thermal paste since it was out of warranty and just 15min ago it cratered a 3rd time.
I'm debating now - do I wait for the Xbox 720? :)
If MS doesn't really have the next release lined up in the next 6 months or so, perhaps I go to future shop or best buy and just buy the 250gb black slim one? They all seem to be around 299.00 (I really don't want the 4gb one and I don't think my hard drive from the generation 1 xbox is compatible now with the new one?)
Do any other places runs specials on these or does MS have all distributors locked in with minimum allowed pricing?