Factory refurbished and sealed. This item does not ship with the AC adaptor plug. This accessory must be purchased separately. All purchases eligible for Amazon customer service and a 30-day return policy.Otherwise, it's the same as the Kindle K2's that were the latest and greatest last Christmas and that sold like hotcakes this morning. Also, at least on reader grabbed one of the earlier K2's for shipping overseas, so it's worth making the attempt if you were wanting a new Kindle for XMAS, but missed getting one of the international K3's before they sold out.
Update: A Refurbished 2nd Generation Kindle DX is also available and the price on it has dropped to $229.99. New ones are selling for $329 and the newer graphite model is $379, so this is a nice discount. Interestingly enough, there is no restriction on how many of the DX models you can buy (the K3 models all say you are limited to three).