Is It Possible To Fix An Xbox 360 Yourself?

It’s a familiar story all over the world. Someone buys an Xbox 360 and after a while of gaming it suddenly stops working. A strange red ring of lights appears on the front of the console and its “game over” so to speak. The disgruntled gamer takes the console back to the store and is told that they can either have it repaired by Microsoft, which can be a time consuming procedure, have the console repaired by another third party at their own cost or purchase a new 360. However, according to some there is another option - home repair.