I was thinking about my history with my 360 and having had one for two years I have also had two cases of RROD which is nowhere near as bad as what some people have had it, but this begs the question, do I think I will have another case of RROD and when will that be?
17th March 2006
Bought my first XBox 360 for £279.99
9th April 2007
First console develops RROD.
17th April 2007
Recieved a replacement console (my second).
25th January 2008
Second console develops RROD.
7th Febuary 2008
Got second console back with a new motherboard and DVD drive.
In both cases of RROD when I used to turn my console off I could hear the plastic cracking as it cooled, this symptom is present in my current fixed console, so yes I do expect another case of RROD. Looking at the historical data it should occur sometime February 2009 assuming that the Added Heatsinks that has probably been fitted are ineffective and I continue to use my 360 on a regular basis (normally once a day).
Do I have any advice to people worried about RROD?
Don't let it bother you, you are covered by warranty so when it happens just Call Microsoft and let them collect it. But when it comes back keep the packaging they send it you in, because if you do have another RROD you will then have correct packaging available to send it in (first time you are going to have to find something to send it in).
The 360 is an awesome console, but the hardware has a high failure rate, I expect in future that Microsoft will have to extend the warranty period again or start compensating customers in a different way.