New information: After a couple of hours googling and such, I have learned that the E74 code is an AV cable error. It is recommended that you try a different AV cable. If that doesn't work then there is a 90% chance that it is a failing scaler chip (also known as the "ANA" or "HANA" chip that is directly connected to the…
That's the way I see it. Except for the established game library, I'd get a PS3 next. Most games are coming out for both platforms now (minus a few exclusives).
Killingpeople: Wow... i didn't know that this was a recent outbreak... Notman: I heard somewhere that getting the arcade/core and putting a hdd on it increased your chances of the "red ring of death"
I have yet to get either a 360 or a PS3 and was considering what to buy but I think after reading about all the problems I'd rather shell out a bit more for the PS3 than deal with all the headaches that seem to inevitably come with the 360; especially now that most games I'm interested in are on both systems.