While most of the country was celebrating the 4th of July, one has to wonder if Microsoft’s legal department was burning the midnight oil, putting the final touches on new coverage warranty.

Retailers estimate that one in every three Microsoft Xbox 360′s sold fails leaving frustrated owners staring at the red ring of death, or worst a black screen that reads “disc unreadable”. When compared to other systems, former EB games associate Matthiew G said… “Failure rates for all other consoles were not high enough for EB [...]