According to a DailyTech conducted report, as many as 33% of Xbox 360’s to be picked up by eager gamers will end up failing… not a reassuring statistic. Our very own Greg King has experienced the Red Ring of Death himself, but I’ve been lucky to have my launch console still chugging along with no issue. In the grand scheme of things though, 33% is absolutely ridiculous for a failure rate. The good news is that Microsoft has done pretty well in fixing up their mistake if you happen to fall into the trap of a Red Ring, but the time issue is the biggest inconvenience.
After contacting several retailers from various regions in North America, the responses were unanimous: the Xbox 360 is the least reliable gaming console in recent history. Current EB Games or GameStop employees who offered information did so under strict anonymity, as it is against company policy to reveal such information to the public. Furthermore, our sources confirmed that EB Games revised its Canadian warranty policies during early 2007 for consoles solely due to the failure rate of the Xbox 360.
Source: DailyTech