Everyone was quick to pounce on the XBod "Red Rings of Death". But ya know, Sony had their fair share of issues and just hid them a LOT better than MS.
Well I personally have 3 PS3's in my home and the one that died last week I bought in Dec of 2006 and its the only one to ever have a problem. After over 4 years of being run hours on end I was expecting it to die soon haha. PS3 has been issue free in my case.