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As for getting the warranty through he place of purchase, don't they just contact Microsoft themselves? Seeing how this is going to be a new unit, if it comes DOA, I can just return it. However, seeing how I already had one bad run in with Circuit City (sold me a really sh**y LCD monitor, luckily they gave a full refund), I really don't want to do a warranty there, but they are my only choice if I want an elite.
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Go to bestbuy. They give you full store credit and they will give it to you instantly when you bring it to the store.
No dealing with Microsoft, no dealing with shipping
