I am not saying that these things DON'T happen, but they don't happen to prevent putting on a 3 dollar fan and save 30,000 dollars. You are right, revisions happen all the time to cut costs, but you're idea of costs only has to do with components. MS revised the xbox so that it didn't RROD as easily, that cut costs because it reduced the warranty exposure that MS had. Costs get further reduced through... wait for it.. economies of scale, whereby a company, like MS, can use its negotiating power to negotiate better deals from suppliers. Costs also get reduced through mass production, the learning curve theory of production, there are LOTS of ways costs get reduced. What I am saying does NOT happen, at least in succesful companies, is that the end all be all in product design is done by some analyst or accountant saying, "you know if we just got rid of that 3 dollar component..."
Your whole argument is that cost cutting results in lower quality products, now you give an example, the xbox 360, where costs were cut and a SUPERIOR product was made. Another problem is that this is assuming that companies care mostly about cost, and they don't they care about profit. THe cost of inputs is just one component of cost.
If that three dollar fan REALLY was that important, then a competitor would think, " hey, we should add that fan to our $1,000 pc. Yeah it would increase the cost by 0.03% but it would give us and advantage over company Y because our machines would last longer. This is how MOST companies make it in this world, by competing on differentiation rather than just price, and when it comes to a lot of consumer goods, especially the more pricey ones, quality is more important to the consumer than price. Lets say this fan will increase the reliability and life of my product. I add the fan, sell it for $1,100 market it to people out there as, "buy my pc, it will last longer and be reliable." The utility we are talking about here that we are attributing to the fan; longer life and better stability; are worth a LOT to the consumer, we could EASILY charge a huge premium on this if it were true.
Believe what you want to believe