Now my 360 also died. Was an old pro console and worked pretty well for hours, but now I got a single red light and a E74 error message. Guess there's nothing to do, tried unplugging and inserting everything, but no chance. Of course no warranty. Sucks.
Btw, are elite consoles less prone to these errors? Someone has a elite and is ready to sell it to me for a fairly low price.
I think so? I have one with the Jasper chipset and I got it back in November of 2011. First 360 console which has lasted over a year for me.
Of course, 80% of it's total usage has been with games that are installed on my HDD.
Extended warranty too. :x