Refurbished 60Gb iPod $239 PLUS cashback at Apple
So a saving of over $100 is not bad for a refurb unit and you do get a limited 1 year warranty.
I would not really buy anything from the Apple online store except refurb units as they are way way too expensive on everything else. And you even need to be careful of some of the refurb prices.
But I think this one is not a bad deal at all.
You need to click thru 'Go to deal', select Apple store then using the menu on the right side of the page chose refurb iPods. The 60gb is about 1/3 down the page