Does anyone else think Xbox 360 is a bad system?

I was one of the first people to receive an Xbox 360. I got a floor model around Christmas time and was so excited to get it. I had a ps2 and a original Xbox before and decided to get whatever new system came out first and that was of course 360. About a year after getting my 360 I got the Red Ring of Death. I was... show more I was one of the first people to receive an Xbox 360. I got a floor model around Christmas time and was so excited to get it. I had a ps2 and a original Xbox before and decided to get whatever new system came out first and that was of course 360. About a year after getting my 360 I got the Red Ring of Death. I was so mad because at this time you couldn't call them and get it fixed for free. The guy told me it would be X amount of money (and it was a I think 75 or something) and I argued for a while but eventually sent in a check for the amount they told me to pay. About a week after I got my 360 I received a refund in the mail saying my 360 was still under warranty. I got my money back of course because everyone was sending their 360's in for repair because of the red lights. I had my 2nd 360 for not even 6 months and once again I got the red lights. This time when I called the guy told me they'd fix it for free because it was such a common problem. I thought that maybe this time my 3rd 360 would last longer than a year. But of course about a year after getting it, it is doing something even worse. Now my 360 will freeze during actual game play. It's fine during all the menus and at the dashboard but as soon as I go to play a game it freezes. This time I don't get any lights instead that's all that happens is the screen becomes a still shot and I have to manually turn it off. I've been hoping the more I turn it on the more likely I will get the red lights and get it fixed for free but now I realize I'm going to have to call Microsoft and hear their same BS, "Well since there aren't any lights on we can fix it for X amount of dollars". I will give in eventually but for now I'm just hoping I get the dam(n) lights to come on.

Now I think after all that happening I have to call the console flat out bad. Don't get me wrong the graphics are amazing and revolutionary in gaming but how many stories have you heard from friends, family, and just random people like me saying they've had to get a new 360 because of a system malfunction? Now I'm not going to say PS3's are better or anything but I've not heard as many PS3 systems going bad as I have for the 360 console. I'm sure they have their problems too but I honestly find it hard to imagine that it could be as bad as the 360.

With all this being said I just want to know what everyone else thinks about the Xbox 360 console. Also do you all think PS3 is a more reliable system?
Update: As far as being a supporter of what system you own I just have to say that I know people that have had no problems at all with their PS3's and everyone I know with a 360 has had the red ring of death at least once.
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