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The sales on Amazon jumped around 2400% after the 3 year warranty announcement.
http://amazon.com/gp/movers-and-shakers/videogames/ref=pd_ts_mte/105-3140975-3576458
of course it will jump, ppl dont want to buy a console and have warranty run out, so its longer so ppl get it, and the price cut is another reason of the number of ppl buying them now (not that i knew consoles had warranties until hearing about this)
I've never had any problems with my PS2 but IIRC it only had a 90 day warranty!!! The 360 has more problems but a good warranty so I would encourage people to get it.