They warrant red ring for 3 years, Going by xbox's records i have only had the console for 2, I tried telling them 3 but they didnt wanna listen (ha I'm not going to give up an extra year of warranty), The last time it was sent off it was supposed to be upgraded to the latest board which did not allow for red ring, Hopefully this time it comes back and does not play up oh and here is my service history:
July 2006 - Purchased xbox 360 pro pack
May 2007 - 1st red ring
March 2008 - 2nd red ring
Jan 2009 - 3rd red ring
Anyone see the pattern of there only being 10 months between red rings?