Geeks.com is selling the black Xbox 360 Elite with 120GB hard drive, HDMI out, headset, and wireless controller for $199 when you use promo code ELITE at checkout.
This is a refurbished system with a 90-day warranty and the deal is good until October 15th or, presumably, until they sell out.
All in all, not bad if you’re looking to get set up with a fully-featured Xbox on the cheap.
Xbox 360 Elite System [Geeks.com]
CrunchDeals: Xbox 360 Pro for $250, refurb Elite for $230
CrunchDeals: Refurbished MacBook for $599
Microsoft *finally* confirms Xbox 360 price cut: Elite is $299, Arcade is still $199
Target ad shows $299 Xbox 360 Elite, $250 Xbox 360 Pro
Microsoft confirms Xbox 360 Arcade models shipping with 512MB of memory