I find it relatively funny that so many people are complaining about the 360 being a 'ticking time-bomb', and that people continue to claim that Microsoft is 'digging their grave' with the faulty hardware. I, beg to differ. While there have been a lot of issues with the console release, there were just as many at PS2 release and no one seems to equate these two situations because Microsoft is some 'horrible evil'. I own a 360 launch console and I have yet to have any issues whatsoever, and I'm not in the minority, either. There are a lot of incidents you hear about where people's 360s are on the fritz and you don't hear about those who are working... And for good reason. Why would someone complain or post on a message board that their XBox 360 is working just fine? You've fallen into the trap of believing only what you see because there is no real need to report on the other side of it. It is just like when something awry goes on in any aspect of the world - you only hear the negative because there is little incentive to report on the positive.
All of my friends and peers that own first generation 360 consoles still have them intact and working with little to no problems whatsoever. I know you hate Microsoft, but making unsubstantiated claims and implying that all consoles are faulty is preposterous. Don't pull the 360 from the market until it is officially broken. There may be issues right now with some consoles, but they're not as widespread as it would appear.
All life evolves by the differential survival of replicating entities. -- Dawkins