Just because the new 360 doesn't have red LEDs in the front panel, doesn't mean it won't melt down and cause something similar to RROD. Shit could still happen, the only difference is that there is no red LEDs to indicate a failure.
I know a friend that had a problem with his PS3 (I think it was the reading laser) and got 2-3 new replacements in the span of two years. Shit happens to all consoles.
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