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I've had a launch console
I've had a launch console and it has yet to fail me (knock on wood?). It definitely seems to run slower than my friends with newer consoles, but of my 5 friends with 360s, three of them have had to had them replaced/repaired. That's a 50% failure rate including me. Not acceptable Microsoft. I don't care what company you are, you do not/should not release products that can fail over 30% of the time more or less 50%.