I'm not getting that people are already saying this is less than taking the discounts. How much are people saving without the Ipad2? About $350 or so? That item is around $400, isn't that comparable with the new customer discounts?
You can pickup an iPad 2 for about $300 from eBay. It's 2 generations (almost 3) behind and if it's the 16gb version it's not worth much. You can't even buy these new anymore, only refurb.