Apple has lowered the price of a refurbished entry-level 16GB iPad 1 to $299.
The price seems to have been dropped this weekend and is the lowest price we've seen for an iPad direct from Apple. All Apple's refurbished products come with the same warranty as new ones and include a new battery and aluminum outer shell.
This weekend HP slashed the price of its now-cancelled TouchPad tablet to $99 in order to clear stock in the wake of its corporate reorganization. By all accounts the TouchPad has been selling extremely well at that heavily reduced price point. Apple continues to sell every iPad it can make.
Update: For the moment, it seems the $299 iPad is sold out.
Update 2: It seems Apple has, for the moment, restocked the $299 16GB Wi-Fi iPad.
Update 3: Sold out again!