Does the New Xbox 360 4gb Get the Red Ring of Death?

P.S. what is better for more family oriented and sports games? The ps3 or the 360? I have a wii. Any help is appreciated

Suggestion:

The xbox can get the red ring of death, but it's fairly uncommon. I grew up on ps2 but I believe that the 360 is much more fun than the ps3, especially if you like to play online.

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