My new xbox 360 just did the ring of death, it wont read any games and makes loud noises as its trying to load the games. what do i do?

Http://forum.teamxbox.com/showthread.php?t=472553 this link is a great guide to show you how to test your console and identify your specific problem. I would imagine that you have a bad disk drive if it;s making load noises when trying to load a game though. I have discussed disk drive replacements before on past answers if you view my past solutions you'll find them

Contact Microsoft for warranty repair