I was at the UPS store shipping a few packages and realized there were two different people (unrelated) in the store with XBox360's on their way to be repaired. I asked them about it and they both said their XBox360 quit working and they were experiencing the "Red Ring of Death." Then the UPS guy behind the desk said there had already been four others today shipping their 360's with the same problem.
This surprised me because I thought Microsoft had worked out those issues. For those of you who haven't heard of the Red Ring of Death, you can read this wiki article. It says the red lights on the indicator "ring" represent "general hardware failure" and is known by gamers as the infamous "Red Ring of Death."
Anyone else seen this problem on their XBox 360? Is it only with the older units?