Pacific Geek lists this is refurbished... reading the description it really should just be listed as 'USED.'
As a fair warning to anyone with a poor knowledge of computers, this is pretty much a useless item unless you are a collector or history buff. It also does not come with a keyboard, mouse, monitor, or anything necessary to use a computer. When you tally in those costs, along with a DVD player (it has a CD drive which is essentially obsolete for everything but music.) you'll find it very over-priced. You can easily get a fully functional system which will run everything but high end software for $200.