Microsoft has announced that they will be extending the 360’s warranty beyond one year for anyone that has received the 3 red lights.   All 360 owners will now be covered for a three year period.

Here is an official letter from Peter Moore from Xbox.com 

New Warranty FAQ 

This entry was posted on Friday, July 6th, 2007 at 3:02 am and is filed under Xbox 360. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.