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YLOD affects approximately 0.5% of PS3
RROD has been estimated to affect anywhere between 25-65% of Xbox 360s
Read more: Ylod vs. Rrod | Gameolosophy
M$ still worse than Sony anything.
All older generation of Xbox 360 are posing to RROD and MS extended the warranty to 3 years for all cases that related to RROD. MS made an huge mistake in past because GeForce decided to cease the video chipset for original Xbox that lead MS to launch the next-gen of Xbox and took several months to production with flawed design. Speaking of next-gen that succeed Xbox 360 will not have same situation as Xbox 360 has because MS is currently work on next-gen console that will not launch until late 2013 or later.
Having extend the warranty to 3 years is fair compensation and replacement took about 1 to 2 weeks, that what I experienced, unlike others who waited for 4 to 6 weeks to get replacement. Newer redesigned Xbox 360 are less likely to pose RROD but it could be happen as normal electronic rather being in huge crisis.
I love Xbox 360 that I got gift from christmas and it is GoW 3 edition, it is just love as PS3 does that I own too.
I won't say it is worse because situation with RROD. I am not fanboy and not interested to bash on consoles because they got issues.