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 Milk: 7/4/2013 9:44:33 PMHad my first gen 360 from launch till 2011. Fixed it for 30 and sold it for 140. My only Xbox that ever had to be replaced.