Purchased in March of 06, never had any troubles with it until recently when I had to start cleaning the cache regularly to get things running, apparently that was only part of it. Today it red ringed and could not be saved. Ordered my replacement box or whatever from MS, should get that next week. Decided to go ahead and buy the Elite and am just going to give the one I get back to my brother for a few bucks, as I was intending on buying the Elite for the HDMI and such anyway eventually and giving him my 360. I like the Elite so far, it's neato and HDMI is really making my cable situation much more cleanly and now I don't have to swap between my computer and my 360 on the PC Input for my TV.