well after doing much research, and speaking with microsoft representatives, i have found why the 3 rings go on. ON websites it says hardware failure or malfunction, but really that is not the case. The xbox 360 has certain washers and and screws that have to be screwed in perfect, aka touching metal, to make the 360 work. This was intended to stop modders from hacking 360's, and leaving these metal parts untouched is what makes the 360 get the 3 red lights. Now... if you are moving your 360 around a lot, and tilt it different ways, and touch it alot, eventually, those items will be come loose, hence it will get the 3 red lights. The towel trick, where you place towles all around 360, then turn on for 15 mins... cool 15 mins, aka overheating 360. is an attempt at almost melting, the metal objects so they will touch there corresponding parts. Unfortunatley, you cannot leave your 360 on long enough to get them completely melted down, and in the next day or so... your 360 will again be unusable.... My question now is.. is there a guide to get these washers in there perfect spots. LIke soddering, them, or placing them, getting new ones etc.. so i dont have to keep overheating my 360 to play it for 3 days... any questsions, PM me.