You read correctly.  This is an OFFICIAL press release from Xbox stating that they will pay everyone back who had to have their Xbox360 repaired due to the RLoD.  Also, the new 3 year warranty will be extended for the price of on the house to anyone in the world who has the console.  The new warranty is very specific and will only deal with issues that result from the RLoD and not other problems.  You can contact Xbox by following the above link.  I can’t say anyone saw this coming.