I got my 360 elite in 2007 and it only failed the day Mass Effect 2 came out (Crashed during gameplay) and due to the error being an E74 error I had it fixed for free and no problems since.
So in all I have had the 1st 360 I ever owned.
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Edited by Frost: 7/5/2013 1:11:33 AMI'm on my second one, but as far as I know my first one still works. The disk try was acting up so I gave it to a friend to clean and mod the crap out of, but he ended up just giving it to his brother.