I have the halo edition, so it is a bit over one year old now, have only had it light up red once, that was the half rrod, just two red lights, not 3 or 4, so it was a overheating issue, wouldn't blame it, played halo 3 for hours on end in a room in the mid summer that wasn't being cooled any what so ever, close to 100F in the room, but other than that, I would say that the system is great, I think the people with red ring issues are people that put it in a entertainment center cabinet and expect it to work perfectly fine, mine sits all by it self, out in the open, nothing sits on top except maybe a cd case once in awhile. It's just like a computer, same as the PS3, parts of it WILL fail at random times, some units more often than others...