Someone on another forum read somewhere else that you wrap your xbox in a towel for like 3-4 days and it fixes it. He had the ring of death ... wrapped it in a towel. Now it works fine.
Fuck yeah it is.. Took me and my bro a few times to get it down the stairs into my basement. Luckily I only have about 5 steps to get into the basement.. THEN getting it from on it's side to the top was a pita too..