Of course, your first best option is to try and see if Microsoft will give you a good deal on a factory repair option. In the cases where they offer discounted repairs on an out of warranty issue, it's a good deal.

However, if warranty service is not an option for you, OSG is there for you. With new breakthroughs in our 360 troubleshooting, we can now offer repairs for many of the more common failures (3 red lights of death) for prices comparable or less than MS. Estimates are always free and no obligation.

http://www.oldschoolgamer.ca/article.aspx?AID=20

e-mail OSG at info@oldschoolgamer.ca for more info.