what does cheap mean? and what do you mean y "had"? am I ale to get it now?
go to the apples store and look at their refurbished section. they are usually $100 less or so and they offer the same 1 yr warranty from apple. And as im sure dan would point out that if you purchase this on your SPG Amex (or another Amex) you can increase the warranty by another year In general Apple does not discount their products. Ever. if you see an apple product highly discounted its probably fake or broken
Amex doesn't cover refurbished products.
Im not sure what the downside would be. Most of the refurbs are just returns. And when that happens Apple gives it a brand new battery. And you are still getting a 1 year warranty from Apple. $100 off is is 20%, since when is that not a substantial savings?