[danielOut]

Just thought I'd post this here in case anyone gets the red rings sometime soon.

Step One - Remove the disc, if there is any, from the drive.
Step Two - Remove the HDD from the console.
Step Three - Unplug all cables from the console EXCEPT the power cable.
Step Four - Completely wrap your 360 in a couple towels.
Step Five - Power on your 360, and leave it running (in the towels) for about a half hour or so. It should get very hot and automatically shut itself off.
Step Six - Unwrap the 360, let it sit somewhere to cool for about a half hour.
Step Seven - Plug the cables back in, reinsert HDD, and play!

I had the red rings hit me right before Halo3 came out, and I read about this on CheapAssGamer, so I though I'd try it. Works just fine. I have to repeat the process about once a month with my 360, but other than that I have no problems. Saves me having to lose the console for a month and a half while Microsoft sends me another, probably broken, console.