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I got it a month ago. Luckily, since I bought my 360 last August for Dead Rising, it was still in warranty, and they sent me a refurbished one.
There's a trick you can do by wrapping the 360 in towels, turning it on for a bit and letting it run. I don't know the specifics, but G4 covered it, and apparently a lot of people on GameFAQs are vouching for it being a good, albeit temporary, fix.
I intend to get an Elite very soon though, just for the hell of it.
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