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I still own the launch 20GB PS3, I've had zero problems and I use that thing pretty much every day for games, movie's and watching XVID's of TV shows. I might be lucky however my best friends 60GB PS3 is still kicking strong and he wated in line to get it on launch as well. I've heard so many red ring of death issue's with the 360 and it is the main reason for me never getting it.. That and the online aspect is free with the PS3..
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