I've been eying one of these for awhile.
The day I was going to order one of these, the price went down further by $140.
Because the Ipad 4 and the mini Ipad was announced.

I got one of these from the Apple Store, refurbished and when I tracked it
(from China it started and to my door in five days) - it appeared like brand new, and
Apple replaces the battery and changes the screen cover.
I hear sometimes refurbished can even mean new, overstock with a one year warranty, I am a happy camper and my kids / hubby enjoy it.
It is just like my Ipod but bigger and Seri is neat commander.