So here’s the deal: Microsoft has extended the Xbox 360’s warranty to a full three years for any console that lights up with the "red ring of death" (a series of lights around the power button indicating a general hardware failure). If the three red lights flash on your Xbox, call the customer service line; the company will send you an empty box for shipping your sick console back to Microsoft HQ for repairs (the whole process takes anywhere from a week or so to a month). And if you’ve already paid to have your 360 repaired for a "red ring" problem, Microsoft will refund your money. Once all is said and done, the company will have spent about $1 billion on repairs to the faulty consoles. That’s a huge expense for Microsoft’s Xbox division, but given all the gamers who’ve had to send in their consoles for lengthy repairs, I’d say we’re almost even-steven.