E74, one red light. This is the third time it's done this so far - the first time was several months back and I posted about it here, and the second was a week or two ago. Considering the short time between this and the last incident, I don't think our method of repairing it is going to be much use any more, meaning I'm gonna have to go out and buy a new 360 if I want to play any of my games.
At least I have all my PC/Wii/DS stuff still intact though.