make sure you invest in a COOLER KING otherwise if you play for more than 8hours at a time the thing will cook itself. 360s are well known for overheating all my mates have had thiers go down (which is ok when the thing is still in warranty) microsoft did a poor job of cooling the processor the flipping idiots! besides that its perfect, make sure you get an xboxlive account but i'm sure after your initial introduction to it you'll br falling over youself to sign up for another year!
So far I've never had a problem with cooling the 360, it maybe all depends where you have it kept. So long as it's not locked away in a closed unit then it should be ok. I'd imagine the majority of 360 owners do not have any additional equipment for cooling and this does not cause any bad outcome.
if you played 40 games without paying for them then you probably deserved to have it break on you and have to buy another one if you can't fix it, thats a lot of money you've denied them.mines totally ventilated an i know of three others that have gone down with similer defects, anyways the warning is there boys. unfortunately for me i had a hacked xbox360 so the warranty was screwed cuz you need to take the back off to get access to change the firmware. I completed 40 games for free on it an had LOST PLANET just before xmas an did it in to days......i know face the task of sending it away for the price of £60 for some dude to mend it or try it myself with an online guide. If all fails i'l just buy a new one and do the same again! LOL...... and its a hardware problem i got not a firmware or sodtware problem so its not the hack that caused it b4 anyone gets on my case. error code 0102 i think.i'm just trying to pass on some advice cuz sending the thing off to microsoft takes a long long time, and knowone should be without thier BOX