Well nearly, Chris Lewis who is the vice manager of Xbox EMEA has been speaking to vnunet and has the following to say.
The three red lights come from not just one problem, but the manifestation of a number of issues. It is only when a number ofissues collaborate that the fault occurs
So if we are to believe him the problem is not froma bad placement of the GPU or cold soldering but rather a combination of multiple problems.
He has restated the new 3 year warranty but has also re-specified that it only covers this certain combination of problems.
Link to Microsoft gives details on Xbox 360 flaws – vnunet.com
