I have received the RROD on three different occasions. Two of these were preceeded by the E74 error and the graphical problems previously mentioned. I do not believe microsoft is being truthful when they suggest the problems are not related. My advice to people who experience this problem is to take a wait and see approach because a RROD will probably occur eventually and you will save 100 bucks.
If IGN was the only outlet to give the game a ten, I think we might have reason to complain, but clearly this is not the case. And as someone has already mentioned, most of the user reviews on metacritic were there long before the game came out, which in my opinion makes them not credible.
Joystiq survey: Xbox 360 E74 errors on the rise since NXE [update]
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