I recieved an email from Microsoft the other day. Here is what it said...
Originally Posted by Microsoft
Xbox 360™ Warranty Announcement
Effective December 22, 2006, the Xbox 360 console warranty has been extended to one year from the date of purchase. The extended warranty applies to new customers and existing Xbox 360 owners.
If you experience hardware issues with your Xbox 360 console within one year of purchase, your console will be repaired at no cost*. For those who already paid for repairs within their first year of ownership you can expect reimbursement checks for the amount of the console hardware repair in approximately 10 weeks. These will be automatically distributed. You do not need to contact Microsoft®.
To find out more information on the Xbox 360 warranty change, please visit: http://www.xbox.com/en-US/support. Should you have questions regarding this policy change or experience any hardware issues, you can also visit: http://www.xbox.com/en-US/support/contact/ or call 1-800-4-MY-XBOX and speak with an agent.
Now, that's a holiday gift, indeed. Play with confidence and enjoy the best of next generation gaming. Celebrate the holiday season with a catalog of over 160 high-definition games, the freedom of wireless accessories, and the online entertainment you can experience with your friends on Xbox Live®. Remember to register your Xbox 360 console and sign up for more great information from Xbox® at My Xbox!
Spread the holiday cheer and let your friends know about this important announcement.