Was dandering around town yesterday shopping and thought i'd buy myself a new 360 game... saw Kane and Lynch on sale for £29.99 and thought to myself " what a steal"

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Later that night i came home, sat down to play it when i discovered my Xbox was showing three red light instead of the usual green.

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I went online to check it out and apparently 35% of all xbox 360's will at some point need repair due to hardware failure

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I found out my Xbox's original warranty had ran out but was relieved when the tech on the phone told me Microsoft had put and extended warranty of 3 years onto it.
Just waiting for a guy to come out- pick it up and ship it off for repair.. might take up to 3 weeks.
Also wanted to know if anyone else has experienced this? and if not watch out for it!