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Xbox 360 failure rate at 16%, says report

According to this, warrantee firm SquareTrade has reported that, based on 1,000 warrantees, Xbox 360 has a current failure of 16.4 percent, 60 percent of which is the much-publicised red ring of death issue.

SquareTrade CEO Steve Abernethy added a cheery note to the findings: "It is reasonable to believe these failure rates will increase over time, since the Xbox 360 failure issues tend to increase with prolonged use where overheating appears the main culprit."

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