Microsoft's extending the warranty on every 360 sold since launch to 3 years. The warranty only covers the 3 rings of doom for some reason, but this is still good news to anyone who has had to pay to repair their 360 in the past...
EDIT: Forgot the link: http://www.gamespot.com/news/6173633.html?action=convert&om_clk=latestnews&tag=latestnews;title;2
EDIT: Forgot the link: http://www.gamespot.com/news/6173633.html?action=convert&om_clk=latestnews&tag=latestnews;title;2