I don't have the red lights, I simply have no picture or sound. I've been making sure, with this heat, not to over-play it. It still could be an overheating problem as it is ridiculously dry and hot here in the valley... I dunno. I was playing baseball the other day and the screen started having lights flashing so I shut it down. Couple hours later I turned it on to a black screen. It doesn't work on any of my TV's inputs, but my OG XBOX does. It's not a problem with my TV. Couple other forums I've browsed say it's a problem Microsoft won't touch (big shock; also, it's past warranty) and that it's a problem with the motherboard. And I mean I keep it ventilated, raised, etc. Who else has had this problem?