As many of you may have noticed, there are four lights surrounding the power button on your Xbox 360. When these light up in red that is the first sign that you have a problem. A common problem that has been seen with the Xbox 360 is when three of the four lights come on. This seems to be the most common problem and it indicates a general hardware problem. What happens form here is that you will find that your consoul now freezes up, and you are forced to pay out up to a couple of houndred dollars to get it fixed.