The once-adored Xbox 360 has taken a back seat to the latest releases in game systems by Sony and Nintendo, but Microsoft is bringing itself back in to the news by extending its warranty on all Xbox 360 systems, including those which have already been purchased (and sometimes even repaired). The warranty extension (from 90 days to one full year) is not only a means of putting the company’s game system back in the spotlight but also may be a way for the company to efficiently deal with problems resulting from the fact that flaws in the system have been reported by consumers.

The company may be doing all that it can to keep Xbox 360 alive until a new Microsoft game system release can make a bigger splash, but is it enough to compete with the currently popular PS3 and Nintendo Wii? After all, both of these systems already came with the one year warranty in place.

Read [Business Week]