Longtime Wisebread reader, first time commenting.

I am a happy and satisfied 360 owner. I actually bought mine at launch and I have had the "red ring of death" once - last month. The return process was easy and quick and I was compensated for my time that I missed on Xbox Live.

I agree that you need to look at the games. I have an Xbox 360 and a Wii and I barely touch the Wii. It just doesn't have the games that I want to play every day yet. When friends come over it is the best part system, but for single player and online play the 360 is what I want.

As far as the PS3 price drop argument, that will not last long. The entry point price to become a PS3 consumer will soon be at $600 when the 60gb model is depleted. That will be your only option. The 360 has a $50 price drop in the works soon. So when I compare $350 (I don't count the core) vs $500 (soon to be $600 if you are not fast enough) to get in the door as a consumer and look at the games, the 360 is an attractive product.

If you were to look at total 360's sold and the percentage of the consoles sold that had to be serviced I would (totally unscientifically) guesstimate it is as high as 30% or lower. That is a high chance, but it will be repaired for free if it even happens at all. In my case I have had 1 year and 7 months of uninterrupted play, paused for a few weeks and then I was right back at it.

I think holiday 2007 is the best time to become a 360 owner, not 2008.