I have the Xbox 360 Premium 20GB console, bought for £199.99 with 3 games (Fifa 08, The Simpsons Game, PGR 4)

But It has suffered from a system failure
(1 Red Light) 5 months from purchase date

and was returned to me from Xbox Repairs within 3 weeks.
It working fine atm! Canna believe it.
Cheers Microsoft.