All depends on how you treat it. I know a friend who bought it in May 2006 and it works fine still.
Yes.
yes u do
you don't need the insurance it comes with a 3 year warranty.
Most definitely
its about a 5 year warranty
None. The now-standard 3 year warranty is included with each new Xbox 360 purchase. They track the console by its unique serial and that determines the length of time left on your warranty. If you are out of warranty, you can purchase a warranty extension on that console from Microsoft. 1-800-4MY-XBOX
Use the towel trick. Search it on youtube but only do this if your xbox 360 is out of warranty. If it isin't out of warranty, then send it to Microsoft.
Kinect is an expensive accessory for the xbox 360. It is an motion controller.
Yes u can u, call xbox or u could got to xbox.com and purchase a warranty that is how my friend did it hope this helped u
The ONLY way to unban an Xbox 360 (current to date: July 26th 2010) is to have a JTAG Xbox 360. Of course that violates Microsofts EULA and voids your warranty. For more information on JTAGing search google.
Yes. you can play ANY xbox 360 game on ANY type of xbox 360. you can also play original xbox games on the xbox 360. (but you have to have a hard-drive to play original xbox games on the 360)
It is if you open up your xbox to put it in, which voids your warranty and can break your xbox, although some companies do sell extra ventilation fans that you attach to your xbox withought voiding the warranty.