I've been going back and forth wanting to buy an 360 and not. The RROD still irks me to no end. I honestly don't understand why people fumed and pointed fingers at a $400 PS3 which comes with a decent sized hard drive, doesn't make you pay to play your games (which you paid for) online, and doesn't have a 30% chance to break.
Even if I got a 360 under warranty and it RROD'd, that's still probably a month or so that I don't have the console I paid for. Screw that. The only reason I even consider it is because, thanks to the general populace's failure to understand that $80 more for a console that WORKS and actually SUPPORTS 1080p in all incarnations is worth it, and thanks to the unbelievable following Halo has, many RPGs and other worthy games are 360 exclusive.
As it stands, based on the ridiculous numbers posted here regarding RROD issues, I'm back to not even considering it. I got my PS3 for $200 with the old Chase credit card deal and at least 80% of the games I want to play are on both consoles or PS3 exclusive (Valkyria Chronicles, thank you for justifying my purchase once and for all).
I know I sound like the dreaded, stigmatic "fanboy," but logic prevails, imo. I'm just sad that I have to miss out on some good RPGs.