Well yea, its already well known of the failure issues with 360s. I had a problem with mine when I first bought one which I have posted about. All this does is further cement that fact that EB and Gamestop are a bunch of money greedy game retailing asshats. I hope they lose shit tons of profit from this.
There's other places you can go to get extended store warranties, just go to them and dont give EB or GS your business, cause they dont deserve it.