X-Box Repairs cost MS $1Bn

x-guru writes: According to this CNN-Money article, excessive X-Box hardware failures are to blame for Microsoft taking a charge in the amount of $1 Billion. They say they have "investigated the sources of hardware failures indicated by three red flashing lights on the console and had identified 'a number of factors' that can cause such failures". Microsoft will extend the X-Box warranty to three years and they will reimburse customers who already paid for repairs.