You could also wrap the whole thing in a towel and run it for 2-3 hours (even on red-ringed mode) and the heat would actually reflow the solder in some cases. Source? My Xbox 360 experienced a RRoD that I resolved as a teenager with this "towel trick", and it still runs to this day.

I revived a couple xboxs found in college trash piles this way back in ~2009.

Stick a couple pennies on it!