I've gone over my past and current problems with the 360 failing on me, and yesterday one of my friends just told me their second system died on them. News comes out today that one firm isn't going to fix the Red Ring of Death anymore, and seem to know what is causing all the problems.

From the article:

While Micromart is not an officially authorized Xbox 360 repair service, Next-Gen contacted the firm for further information regarding its decision to withdraw the repair service.

A Micromart representative said that the company felt the problem was an inherent fault relating to the motherboard in 360 consoles. He also stated that Microsoft had neglected to respond to requests for support from the company.

“We were getting a phenomenal amount of these things coming through. We were seeing about 30 a week coming in with the same problem which we identified as a fundamental motherboard fault."

During the weeks in which the problem was at its peak, the Micromart rep indicated that an "abnormally high proportion" of faulty 360s were suffering from the problem, even as many as 90% of all consoles sent in for repair.

Read the full article over at next-gen.biz