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If you want to wait, you can wait for Xbox360 4GB (slim). It has no RRoD, it shuts down when overheated. It also has built-in WiFi ($80-100 add-on with Jasper), other than that, it’s pretty much the same.
One of my friend’s got an RRoD (and an E74) on a really old unit (Xenon/Zephyr era). He got it fixed but it stops working every couple of weeks and he has to get it fixed again. I don’t know how accurate this is, since he’s not the techy type but RRoD sucks when it happens.
That xenon xbox will soon be dead. Eventually RRoD becomes permanent. It happened with my first xbox, bought in 2007.
I’m not sure what the slim costs here in Pakistan, but I bought one from the UK that cost around Rs 25k (250GB) and it is fantastic. Two months of at least 35-40 hours gaming per week and not a whiff of overheating, never shut down once. Not to mention it is super smooth and quiet. Well worth the wait if someone is looking to buy in Pakistan. The only con is that original xbox 360 games don’t exist in Pakistan (would appreciate if any member could help me out there).