well, i voided my warranty on mine a while back now. haven't really had many problems with it. couple disc read errors here and there, more now though since i've been playing Vegas 2. something about that game gives them though, as 3 of my friends get it more with that game than any other.
never had the RROD. *knocks on wood*
although if i get it, i'll try and fix it. if that doesn't work, i'll get a new one. had this one since july 06, so i figure i'm doing good since it's still going.
but yeah, totally not buying this case just for my 360. i painted mine(hence the voided warranty), so i'll keep it in its case.