I just picked up an Elite and was searching the XBOX forums for some info. I came across this post of a few Elite owners who have new FALCON 65nm systems and have gotten the Red Ring of Death. Everyone seems excited about the 65nm chips but no one can seem to answer if it truly fixed the RROD problem. Hopefully this isn't as widespread as the older models. Maybe these are isolated incidents- but beware.
Dammit Micro$oft- FIX THIS PROBLEM ALREADY!!
Thread Link below:
http://forums.xbox.com/17894151/ShowPost.aspx
EDIT: Here are some more links with FALCON owners getting RROD. Some of these posts need to be scrolled down to see the owners RROD comments:
http://forums.xbox.com/17947417/ShowPost.aspx
http://www.youtube.com/watch?v=IZx3JdSXux8
http://www.youtube.com/watch?v=stmZp4X7iOo
http://www.youtube.com/watch?v=6nFZntMUuz4
http://forums.xbox.com/18291883/ShowPost.aspx
Also, here is a weird harmless RROD error on the Falcons post(probably will turn to a fatal RROD in time) There seems to be a youtube video of this as well:
http://forums.xbox.com/17078389/ShowPost.aspx
http://www.youtube.com/watch?v=6nFZntMUuz4
Dammit Micro$oft- FIX THIS PROBLEM ALREADY!!

Thread Link below:
http://forums.xbox.com/17894151/ShowPost.aspx
EDIT: Here are some more links with FALCON owners getting RROD. Some of these posts need to be scrolled down to see the owners RROD comments:
http://forums.xbox.com/17947417/ShowPost.aspx
http://www.youtube.com/watch?v=IZx3JdSXux8
http://www.youtube.com/watch?v=stmZp4X7iOo
http://www.youtube.com/watch?v=6nFZntMUuz4
http://forums.xbox.com/18291883/ShowPost.aspx
Also, here is a weird harmless RROD error on the Falcons post(probably will turn to a fatal RROD in time) There seems to be a youtube video of this as well:
http://forums.xbox.com/17078389/ShowPost.aspx
http://www.youtube.com/watch?v=6nFZntMUuz4