According to Destructoid*, launch Xbox 360s have now lapsed out of their extended "red ring of death" warranty. If you are an owner of one of these 1st off the assembly line consoles, you will now have to pay between $119.00 and $99.00 (USD) to have your unit repaired.
I've had to send mine in twice, so far. But with the Arcade model costing about a hundred more, if mine were to fail again, I'm not sure I'd send it in. It might just be easier to get a new one and with it a new 3 year warranty.
*http://www.destructoid.com/launch-day-xbox-360s-no-longer-under-three-year-warranty-coverage-119903.phtml
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