Having a Problem with the Xbox 360… Help?

I notice that when I turn on the xbobx 360, it's just a blank screen with some words that pop up in like english and so many other languages… It said system error.. I do notice the ring around the button that you push to turn on, most of it is like red and a small portion is green. Usually when I turn on the xbox, it be all green. What does that mean? I just got this xbox 360 like two weeks ago. I did try to call the place where I got it from like a few hours ago, but they are closed… So I have to like call them in the morning to see what I should do.. If I need to take it back or what… But in the mean time, please let me know what system error and the red lights on the button to turn on the xbox means? And how can I fix the problem? Or do I need to just take it back and get another one? Please let me know!!! Thanks!!!!

Suggestion:

If your 360 is one of the earlier models, you may be suffering the red ring of death. The original 360's have a problem with overheating, thus frying the components. If this is the case in the short run, if you put a cold towel over it, it will temporarily fix the problem. however its not a permantent fix. yuo can send it in for repairs, but considering how cheap new xbox 360's are these days, I'd just get a new one. the newer versions don't have the red ring problem. its what i did when my first 360 claped out