In what is a shockingly generous gesture by a normally heartless corporation, today Microsoft announced the immediate, permanent, and retroactive extension of the Xbox 360's warranty. The new warranty covers ALL 360s purchased (including ones already rejected due to out of warranty) to one year after the purchase date. Supposedly they will even be issuing cash refunds to many of the people who paid for repairs. This is excellent news for everyone experiencing the red ring of death after the latest update, as well as the rest of us who are just plain unlucky.
As for me, I'm just glad I can finally check out Gears of War.