http://gaming.engadget.com/2006/09/21/m ... xbox-360s/
Basically, any 2005 Xbox360 is long past its warranty by now. I was also one of the guys who received "the three red lights of death."
Microsoft is offering a free repair for any broken Xbox360 made in 2005, so this is great news!
Hope this helps anyone experiencing the same problems, if any, on this forum.