No, not yet on my new Xbox. I've been lucky with things like this, normally it doesn't happen to me. If it does, normally I know the problem and can get things fixed quickly. for example, my Wii makes a really loud buzzing noise. I know that it's the disc drive acting up. If it starts not reading games, then I can just send it into Nintendo.
Sometimes, my 3DS tells me that there's "no game card inserted" even though I have one in the game slot. I generally shut my system off, take the game out, and firmly re-insert it. It always works. My guess is that the connectors on my system may not connect to the game card's connectors sometimes, even when I press it in until the device clicks. Otherwise, I've never had major issues with gaming hardware.
"Only in our darkest memories do we find truth..." The Crusade of Dark Nostalgia