Had this console a good month no and been no problems with it whatsoever. I prefer it alot more than PS3 but that is my own preference. In my opinion - if you want THE BEST graphics and style, go for PS3. If you want amazing fun, really good graphics & the world's biggest online community (which is what it's all about) then go for the Xbox 360.
You won't be disappointed!
Ps. Just to clear up any confusion still - ALL Premium consoles on this website ARE the new Falcon Board complete with HDMI Port and the improved Fan system.