[nmulax]

So my girl and I did our xmas gift exchange early so we don't have to cart gifts home for the holidays then back to Phoenix with us. One of the things she surprised me with was an Xbox 360 (well, it gets here while we're home, so she wrapped a box with a picture of one). She didn't have the money for a new one, but found a great deal on a refurbished counsel.

Any valid concern in having a refurbed one vs. new?
How does Microsoft treat the warranty, especially regarding the red rings? Is the coverage for that 3 years from original purchase, or from when my gf bought it?

Debating if I should return it, and chip in my money to buy a brand new counsel.