I got my 360 elite in 2007 and it only failed the day Mass Effect 2 came out (Crashed during gameplay) and due to the error being an E74 error I had it fixed for free and no problems since.
So in all I have had the 1st 360 I ever owned.
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5. got one the first year the 360 came out, which rrod a year or two later (cant remember). my next 360 also rrod. after that, i got another regular one. traded that in for the glossy slim edition. gave that to a friend and bought my current 360, star wars special edition slim. its a -blam!-ing beast too