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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HA!! I've had my X-Box [spoiler]The FIRST X-Box[/spoiler] longer than I can remember and I've never had a single problem. I think the X-Box 360 and X-Box one are jokes compared to PS and the first X-Box.