I guess I am really lucky. I have owned one 360 and have never had any issues. It's been used quite a bit as well. There are some great recommendations already in this thread, don't pay an arm and a leg to get it fixed. Look at a cheap alternative or go for a new console. If you don't already have one, make sure you have a cooling system (Intercooler), I've heard it extends the life of the system a ton.