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So four months after poor Olsen kicked the bucket, and six weeks since Mark and Syed got things moving and shipped me a replacement 360, Microsoft finally has to bite the bullet.

They’re extending the warranty on the 360 to three full years, and given it’s only been just over a year and a half since the 360 shipped, that means every single 360 in the world is covered again. Of course, the coverage is retroactive, so I should be getting $168.00 back from MS for the repair bill on poor old Olsen. That’s like 200 beer or so, so lounging around playing games just got a lot more fun.

Of course, it’s costing MS a billion frikkin’ dollars, which ain’t no joke. I wonder what the design and development budget for a new console is? I’m guessing – completely out of the blue – that it’s probably in the neighborhood of that much. So maybe the X360 is going to be a ten-year console after all…