New Extended Warranty for Xbox360 Hardware Failures Known as Ring of Death

Peter Moore had a short interview on Major Nelson's Blogcast stating that the hardware failure warranty is extended for 3 years from time of purchase of your Xbox360. Also, those who paid for the service on their systems will be refunded. The important thing to remember is this covers only the known manufacturer's defect that causes the dreaded 3 Red Lights of Death. This is great news for those who have paid, and since all Xbox360's are less than three year's old from purchase, this applies to all Xbox360's until November 2008. Refunds should happen automatically. Hear it from the man himself by following the link at the beginning of this entry.