Actually funny story - right now I am on my 3rd X-Box 360 my first one didn't die but I had it for two years and the warranty was just about up so I brought it in and got a new one. But, it was the second one that the story comes from.
I had no problems with my second X-Box aside from the usual weird sounds it tends to make and one night I just got done watching an on-line video from a game reviewer I tune into, who had his die and it was a dramatic video of the Red Ring of Death and I kinda laughed to myself and pretty much said along the lines of "Oh that has got to suck, good thing mine hasn't had any problems" and I even started looking up ways to somewhat prevent it i.e. putting a fan in front of the console to cool it down, etc. But, soon as I finally turned on my X-Box on to play some Mass Effect 2 and BAM not the RRoD but the Red Light of Death aka E-74 error. Luckily, it was still under the 2 year from Microsoft on the E-74 so I didn't have to pay for it.
But that is a textbook example of irony kids.
Also, one of my family members had your problem OP, where it refused to read the disk and just pop open the tray and I don't know how she fixed it other than just letting it sit over night and when she turned it on the next day it worked perfectly fine like nothing happen. Sorry can't help you past that though.
I had no problems with my second X-Box aside from the usual weird sounds it tends to make and one night I just got done watching an on-line video from a game reviewer I tune into, who had his die and it was a dramatic video of the Red Ring of Death and I kinda laughed to myself and pretty much said along the lines of "Oh that has got to suck, good thing mine hasn't had any problems" and I even started looking up ways to somewhat prevent it i.e. putting a fan in front of the console to cool it down, etc. But, soon as I finally turned on my X-Box on to play some Mass Effect 2 and BAM not the RRoD but the Red Light of Death aka E-74 error. Luckily, it was still under the 2 year from Microsoft on the E-74 so I didn't have to pay for it.
But that is a textbook example of irony kids.
Also, one of my family members had your problem OP, where it refused to read the disk and just pop open the tray and I don't know how she fixed it other than just letting it sit over night and when she turned it on the next day it worked perfectly fine like nothing happen. Sorry can't help you past that though.