No, they have the red LED's (I was starting to wonder too...).
I got a Red Ring of Death on mine because I pressed the power button on the controller but forgot my console wasn't plugged in. Went to plug it in but the plug slipped while I was plugging in and it sparked a little. This must've sent uneven power or something and the console RRoD'd. No big deal because it was just because of the power, the console is fine, the RRoD can be caused by stupid stuff like that too.