Thats a nice price for an i7 with
2.66GHz Intel Core i7-920 Processor, 9GB DDR3 RAM, 1TB Hard Drive, 1GB NVIDIA GeForce GTS 250, Blu-ray and SuperMulti DVD+RW, Wireless 802.11a/b/g/n, HDMI, Windows Vista Home Premium 64-Bit - HP Refurbished
But it is refurbished. Whatever that means. REfurbished usually means the machine was returned and the vendor removed any junk software. Thats it. So it doesn't mean anything other than selling a used machine with a warranty intact.
However, $40 bux shipping is a little over the top. Why they insist on those high shipping costs is beyond me. I just shipped a box to MAss for less than 30.