If the title wasn't enough of a clue... yes. GU's main Xbox360 testing unit has committed Console Suicide, to the tune of the Red Ring Concerto.

We'll have to see how long it takes to get a working unit back. In the meantime, on to Final Fantasy XIII... also known as the game where the developers probably, multiple times, said something along the lines of "Dude, stop getting your damn gameplay in the middle of my cutscene!"