I'm on my 4th. I just sold the new the last unit that I received, my friend knows that still has almost years of warranty for the RROD. I just bought an Elite, and couldn't be happier with my purchase, as long so I don't have to pay for the repairs there's no problem with me. Also I can't stand the loading process of the PS3, and the games option is far better for the 360.(in my opinion)
I bought another 360 for my son last January, that one lasted for a couple of weeks, but since it was bought at Sears I exchanged for another and still going strong.