Ok I know the red ring of death has 3 of the 4 circular lights flash red, but mine flashes those 3 lights and the center green light flashes as well. When I go on youtube and search about the red ring of death the 3 red lights flash, but the center green light does not.

Does this mean that my XBox 360 has some other problem??

Hi Guys!
When we see the continous blinking red lights near the power button then we should know that our xbox 360 console is facing with the red ring of death error, as I was one of you and facing the same problem but with the help of the following guide I was instantly able to fix that error and that to manually and forever. I don't want you to suffer from the same error and get frustrated so I highly recommend you to take help of this particular guide.
Xbox 360 Red Ring Of Death Fix - How To Guide

Is Wii better option?