New terms to Xbox360 warranty

http://www.xbox.com/en-US/support/systemuse/xbox360/resources/warrantyfaq.htm

Q: What are you rolling out that is new?A: While we maintain our one-year console warranty (two years in some countries), Microsoft is extending the terms of its Xbox 360 warranty to three years for certain general hardware failures which are indicated by three flashing red lights on the console. This will apply to new and existing customers and we will retroactively pay back the out-of-warranty repair costs paid by customers for console problems indicated by the three flashing red lights.
 
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