Well, my 4th 360 finally succumbed to the Red Ring of Death. This one lasted almost a year, though, so I guess
that is saying something.
You definitely have to take all of your accessories off of your old one before sending it in. Most likely, you'll get
a refurbished model. When all of this RROD stuff started, it was a major pain to have it fixed and get
your downloaded content back. Now, MS updates your console id so that when you plug in your old HDD, your
content is already fully usable. The RROD is a major pain, but at least they keep extending the warranty
for that repair and are generally making it as painless as possible.