I don't remember how much time passed between the release of the first iPad and the appearance of refurbed iPads in the Apple store. From reading these boards I expect a flood of refurbed iPad 2s that were owned for a very short period of time to eventually hit the store. For that matter, I wonder what the pricing would be. They dropped the price on first gen refurbs by $50 as I recall. If they drop refurbbed iPad 2 prices by $50 it seems to me that the iPad 1 refurbs might need to drop even further. Although, I don't think that that is what happens with the rest of the refurbished line. They base the drop on original price rather than what you get now for that price.