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Sure you're not thinking of the PS3 or did both of them actually suffer the same issue?

Both of them experience the same issue. Though it's a yellow light instead of the ring on the Xbox.

IIRC the PS3 issues were a mix of the RSX die cracking and the NEC Tokin caps giving out, not a solder issue.

It was an industry wide problem.

Somehow out of everyone I know with one or both consoles, 100% of 360s got red ring, 0% of PS3s got yellow light.

Fat or slim PS3? Mine experienced a YLOD circa 2010 while the slim that replaced it still works to this day.

Mostly the fat PS3. And the fat 360 too.