Usually, when I see "Xbox 360" and "$149.99" in the same sentence, the model in question is the rather lame Xbox Arcade.
Not this time. Electronics reseller Uncle Vic has the Xbox 360 Premium 20GB Bundle for $149.99. Alas, that doesn't include shipping, which adds an extra $23.
Even so, this is one seriously sweet Xbox deal. For starters, it includes not only a 20GB hard drive, but also two solid games: "Lego Indiana Jones" and "Kung Fu Panda."
Also, although it's a refurb, Uncle Vic offers a longer-than-average 120-day warranty. And read the description of how the company refurbishes the consoles; the process includes "reworking" the CPU heatsink, resoldering the joints, and various fixes to prevent overheating.
If there's a downside, it's that this Xbox doesn't offer an HDMI output, only component video. But the end result is the same (you can still get up to 1080i resolution), so this is hardly a deal-breaker.
Rather, the sellout risk here is pretty high, so if you're looking to score a nicely equipped Xbox on the cheap, act fast.
Bonus deal: If you liked Tuesday's free "Terminator Salvation" movie download, you'll love this: Film Fresh is offering your choice of five free movies to download, including "Batman Begins" and "Ace Venture: Pet Detective." (Note: For whatever reason, this offer has been "turned off" until 7 a.m. PT today. Update: Now the selection is down to three movies.)