xbox 360 problems

Has anyone had significant issues with their 360?
I waited and purchased mine a few months after the initial release, and everything was fine until recently. I had a problem with "3 flashing red lights". This caused my system to freeze up and it wouldn't even load a game. this was apparently a comomon enough issue for microsoft to include a pre-recorded message on their 800 number, but it did not work for me. I had to shell out $140 to get it repaired. Now the system they sent me freezes constantly, a problem i never had before the three lights incident.

Anyone else have similar problems?
Similar circumstances caused me to jump ship from Nintendo to Microsoft, and I am about ready to try the PS3. I just wanted some opinions before i call to bitch at Microsoft.
 

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