The new Xbox 360 has done away with the red ring of death. It doesn’t mean it no longer exists. Maybe in just another form. Let me elaborate, the new version will show a green ring when everything is working fine and dandy, but when the s**t hits the fan, users will be greeted by the ‘red dot of death’ or RDOD.
At least I warned you hey! I think you may become accustomed with the term of the next few years, although logic suggests that Microsoft will not allow themselves to make the same engineering mistsakes again.
Although, interestingly, the early 1 in 3 failure rates of the original Xbox 360 consoles never affected sales. According to data published online, there are over 40 million Xbox 360 consoles worldwide- scary.
Please also See Are Xbox 360 Failure Rates Improving?