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That is a pretty solid deal. Especially if you do not care about having the newer iPad that much.

The older iPad still rocks.
 
no.. just get ipad 2 wifi $499

Only jump on your deal if it's ipad 1 32GB 3G for $400 (since price difference is so big and also I am assuming you don't have smart phone to tether to and you are on the road a lot).

Just remember, apps are what drives these things(hdd capacity means nothing in ipad UNLESS you are relying on ipad as your main computer) and within 3 to 6 monoth all the great apps which utilizes new cpu and graphic power of ipad 2 and ipad 1 will be lagging.
 
Just put together a decent computer(around $500 bucks) to share your music and movies from anywhere you have internet.. my 16 gb space will only be used to install games(once JB is available)
 
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