Chubbies Tech via eBay offers the 1st-generation open-box Apple iPad 64GB WiFi + 3G Tablet, model no. MC497LL/A, for $159.95 with free shipping. That's $440 off and the lowest total price we've seen for a new unit. This 0.5"-thick tablet weighs 1.6 lbs. and features an Apple A4 1GHz processor, 9.7" 1024x768 LCD LED-backlit display, 802.11a/n wireless, Bluetooth 2.1 + EDR, up to 9 hours of battery life, and more.
Note: This is a new, unused item but may be missing the original packaging, or in the original packaging but not sealed.
Update: Link corrected.