Yeah, only if the refurbished model has the i5 and mobility 4850. None of the lower end gpus Apple would offer in the lower end iMacs would beat 4850. Also, the possible new cpus apple would provide (most likely clarkdales hovering in the 3ghz range) would only be 60-70 percent of the performance of the i5-- maybe up to 90-100% of the performance in single threaded tasks.