If recent reports hold true, Sony PlayStation 3 users may be spending more than their friends for a "next generation console" to save on the hassle of returning damaged goods. Sure all new consoles come with a warranty, and Microsoft even extended the Xbox 360 one to three years, but of course it is much more of an enjoyable experience to never have to send your game machine away for repairs. According to Sony Computer Entertainment Europe founder Chris Deering, PS3 failure rates are "around .02 percent". In other words, the PS3 is way below the industry average of failure rates (3-5%). Although numbers have been rumoured and speculated, neither Microsoft nor Nintendo has disclosed specific failure rates.
News source: PC World