I feel your pain...My Elite got the red lights as well....Couldnt take the wait so i bought an arcade to tide me over and have just in case it happen again...Got a brand new Elite from MS anyway but good to know i wont go without now...
Note: The towel trick does work at least to keep it going while your waiting for your coffin from MS
Note: The towel trick does work at least to keep it going while your waiting for your coffin from MS