Originally Posted by
Skinleech
It'll be the box that'd died - phat models have pretty cheap and brittle solder round the GPU/CPU and with usage & time and the expansion/contraction of the motherboard due to usage & heat the solder stops providing the contacts needed between chip & board, giving the dreaded RROD.
Can't check Digisword's video here at work, but assume it's a towel trick or oven baking of the internals. These can work (I oven baked my first 360 3-4 times and it always brought it back to life for a while until the last time it went) but I'd not recommend either method, especially the oven method as it can melt the eject & sync buttons.
My mate oven baked his - but got sidetracked on MSN and cooked it too long - the ram chips fell off. Oops.