EDIT: The warranty was bumped up to three years. There are no Xboxes on the market right now that aren't covered.
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What's funny is I have one of these things... ._.
That is funny.
What's funnier is that I just got my third free system replacement from them because the ones I have stop working so much.
Do you know that if you keep telling them with every new console that you bought them a few months ago, your warrancy will never expire. xD
Totally doesn't work like that. When you buy an Xbox, the warranty is automatically activated. They know when and where your Xbox was sold, they just don't know who bought it until you register it. When it's replaced, it keeps the same warranty you already had, with a minimum of 90 (or 30? I forget) days.
You can say that all you want, but everytime you get an new xbox, and it breaks, they don't know when you bought it.

It's a new xbox, new product number, and therefore, a new buy date.

I've had 3 xboxes, and they've asked three times when I bought it, and all the other stuff, name, adress and such. Never once did they correct me. I just keep giving the dates I received those new consoles.

So unless you are really stupid and actually give your real buy date, you can keep doing it indefinitely.

But of course, you know better, right?
Yes, actually, I do know better, seeing as I worked for Xbox customer support for four months. :rolleyes2 They ask you when you bought your Xbox because it's easier to tell you to take it back to the store if it's brand new. Also because dead air equals a poor score if you're being monitored. It's small talk. They can see when you bought your Xbox by looking up the serial number.