I am still hung up on the 90 day warranty. How can you drop 30k knowing it may not function in 91 days? Can/will they repair it and at what cost?

+1. Even BFL has stated a 6 month warranty. Most computer manufacturers guarantee their products for at least a year or more.

If they sold them in Portugal they would need to give a 24 months warranty, wether they liked it or not.
Also, BFL said something about shipping from Germany, so I have good news. If they do that(and they said they would to avoid customs) they must follow European rules, and guess what: 2 years warranty

Thread about it in a gamers forum:
http://www.avforums.com/forums/xbox-360-hardware/475729-2-year-warranty-standard-eu-law.html

The actual law
http://ec.europa.eu/publications/booklets/move/64/index_en.htm Download the document and it's on page 7(pdf page 9)
More info http://ec.europa.eu/consumers/cons_int/safe_shop/guarantees/index_en.htm

Be aware that some countries may not follow the EU directive yet as they have 7(?) years to make it into law, so Germany could have only 1 year mandatory. At least that was the case in The Netherlands not many years ago.