Well I would say yes... but it is also free to get fixed and only takes about 10 days depending on where you live they fixed mine fast and it wasnt a big deal except I got the "Red Ring" 1 day after the release of GTA4...
I would say that it is a little laggy at times but nothing that is to major. Someone said he didnt notice for 10 hours and I didnt even think about it until I read this... So it might lag but nothing that will really affect your gameplay or enjoyment...
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