Fortunately the Xbox 360 failure rate isn't as bad as it was before. Personally I don't know a single person that has had their 360 overheat, or have any problems at all, and all of them bought their consoles in the last year, so I don't think it's as big of a problem as it used to be.
The PS3 statistic I read about could easily be bullshit, it's hard to tell if someone is being a fan boy especially on a console forum.
Oh right, now gaming: Caesar III. Somehow Caesar IV lags the shit out of my computer. My computer matches the requirements for it, but the game, for some reason, responds like half a second late. Must be my shitty Celeron processor.