hi i don't know the price of a xbox360 in sri lanka, the red ring of death is an overheating problem, after some time (4 or 5 months) if you play with xbox for more than 5 or 6 hours a day it starts to stack on gameplay and after sometime on boot xbox stack and display 3 red LEDS. you can fix it but if it present for the second time "XBOX eka visikaranawa arenna karanna deyak naha"