I've actually managed to avoid most of those huge fumbles of the last few years. I don't buy many games at launch (only had Batman due to getting it free with my video card), so I tend to avoid any early problems with performance or stability. MCC was something I really wanted, but I would have had to buy an Xbox to play it and just didn't have the money to spend. My 360 only red-ringed once, and it happened at a time that wasn't really too irritating in terms of game releases.
If anything, I've had more issues with games that no one else seemed to have problems with. Both Saints Row 3 and Trackmania 2 were nigh-unplayable for me--with glacial framerates and constant crashes--for nearly a year after purchasing them due to a weird issue with an ATI graphics card I had. Switching back to NVIDIA with my next card fixed both those problems.