Microsoft is standing behind their product in response to growing complaints of hardware failure in their game console. Starting over the next few days globally, they are extending their warranty to 3 years. This warranty will cover and Xbox 360 that is newly purchased or has purchased one in the past, and is good for three years from the date of the purchase.

The extended warranty period however only applies to hardware issues identified by 3 flashing red lights on the console, which Microsoft has found and corrected issues for future Xbox’s, and covers the repair and any shipping costs. If you’ve already had your Xbox 360 repaired due to the 3 red light issue, Microsoft will also reimburse you any fees incurred for the repair.

This new extended warranty was announced through an open letter on the Xbox site, and they also have a FAQ page about the warranty to answer some common questions.