UPDATE: So I decided to go with the Xbox 360 Premium instead.
I went to Circuit City today, picked one up with a Charge And Play, plugged it all in and... RROD!!! Error code E67, which means hard drive failure, which means I have to take it back tomorrow morning
/wrist /wrist /wrist I'm going to ask them to plug in the 360 I get tomorrow to make sure it works. Circuit City is a good 15-20min away, and thats a lot of gas money spent if I have to make yet another run.