So far I've done this four times so I can confirm this works.(decided to make this tutorial because I was bored.Even though I've done this a while ago I had to do it again today because I was console banned for the 4th time).

1.Start off by dialing 1800-4-MYXBOX (18004699269)

2.You will be greeted by a message about banned users (ignore it)

3.Next you want to work your way to repairs and say "Agent" to get a representative on the line.

4.If they will ask you questions (name,location,etc..) ANSWER ALL TRUTHFULLY

5.BUT (if they ask you trouble shooting questions just say you did them all) tell them the console is still displaying e74 on your TV in white letters (with black background and that the console has one red light at the bottom right).

6.If they ask you to use Xbox.com to do the repair, say it doesn't work for you.

7. If done correctly, the agent will ask you to write a reference number down, after telling you that they will send a shipping box to your address and whatever.

8.(Keep in mind, shipping and everything is covered by MS) you should receive your shipping box at your doorstep within 7-9 business days.

9. When packing Xbox in box, be sure to send JUST THE XBOX WITH NO HDD OR CABLES.

10.Send shipping box to your local UPS or (whatever shipping company delivered to you) and your new console will be returned as fast as shipping takes (1 month absolute MAX, usually 1 week)



The reason why this works, is because E74 is a hardware failure (Thus Microsoft's fault entirely covered out of warranty).

EDIT: Its been about a week and my console is just around the corner from me receiving it (picture proof, also proving that MS extends your warranty after sending your console in)W00T ANOTHER YEAR OF WARRANTY!:P i CAN HAZ PINZ PL0X!http://i586.photobucket.com/albums/ss303/logansmom_bucket/proof.jpg
(they don't extend warranty till they are about to send it back so don't panic)EVEN THOUGH I HAD NO WARRANTY LOL

EDIT: If the representative is giving you a hard time, hang up, call back, get your console re-registered(say you bought it at gamestop or something) then follow my tutorial.

EDIT: Quick Video I found on removing warranty sticker
http://www.youtube.com/watch?v=Y6p114-eesk