Which gaming console experienced a massive recall due to the 'Red Ring of Death' hardware failure, costing its manufacturer over $1 billion?

In the world of gaming, product recalls can be costly and damaging to brand reputation. One particular gaming hardware recall stands out as one of the most expensive in the industry's history, costing the company nearly $1.15 billion. Test your knowledge about this infamous gaming hardware failure that plagued one of the biggest names in the console market. Do you remember which company and product faced this massive setback?

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Xbox 360
PlayStation 3
Nintendo Wii
Sega Dreamcast