I had the three flashing red lights shortly after launch (approximately Dec 2005) off and on for about two months. I'd usually power it off and on, remove the hard drive, etc., etc.and it would eventually work again, sometimes sooner than later. Then for the next ten months I had no problem with it until, about a year ago, the red lights came back and it completely died a day later. I still think those early flashing red lights were associated with COD2 online problems.