Actually, it's not refurbished - just remanufactured. I know because I had to get it done as well. The hardware (external parts like glass, screen, lens, buttons, etc) are all brand new but the actual software (the brain of the iPhone) is previously owned/used ... In a sense, it's better than a brand new, untouched iPhone because as the Apple genius guy was telling me, with remanufactured phones, there's that guarantee of the phone working absolutely because tests have been done on it to make sure it is still functional.
