M$ extending warranty coverage to 3 years for Red Lights of Death

Both teamxbox and ars gaming are reporting that Peter Moore (VP at m$) delivered an open letter announcing that m$ is extending the manufacturer warranty from 1 year to 3 years only for the Red Lights of Death issue.

Hopefully you never have to take them up on the offer (but chances are you will).


Update:
The letter was posted to xbox.com. I have to add it to my rss feeds...