Oh dear. Some poor fella across the pond eagerly unboxed his new Xbox 360 Slim and began running it safe in the warm assurances that the thing couldn't red ring (something we put down only half-jokingly to the fact that they'd removed the LEDs from the front) only for the machine to keel over and die two days later. Did he fake it? I don't know. Is it just a Microsoft hater trying to be controversial for the sake of it? Quite possibly. But is it also likely that Microsoft have, yet again, peddled a product that isn't quite up to scratch? The precedent doesn't look good.
Personally I couldn't care less if the video is fake or not, the Slim will still sell by the bucketload. But the scenario is perfectly, hilariously, believable. Approach with caution.