Error E 74: The New RRoD?
Several web site and forum posters are reporting today that a old, well-documented hardware failure is increasing among Xbox 360 owners. The symptom? You see the lower-right quadrant of the Ring of Light flash red on the front of your Xbox 360 consol and you receive an error code and message in multiple languages: "E74 System Error. Contact Xbox Customer Support"
The error is caused when there's a problem with video, either because the A/V cable used is broken, or what's even worse, when Ana, the Xbox 360 hardware scaler chip is damaged.
Xbox Evolved claims this is starting to look like a widespread issue:
In my recent browsing of various internet forums along with just a Google search, I’ve noticed that this error seems to be happening a lot lately and it’s happening is such a close time frame I started to wonder, is this another error that was just bound to happen?