I am confirming that the 360 has an RRoD, after letting it sit for a few days, it's still happening. My fans came, I have thermal paste, I just need to get some stuff to work on the Xclamps, I might run to the store tonight.
Edit:
I wrapped it in a towel for about a half hour, and just checked it, it turns on and goes to the menu, but more than likely the towel trick is a temporary fix.