Has anyone purchased a "Factory renewed" product?

The Combo VCR/DVD has some case Damage, but it was for my Bedroom so I kept it. Everything else has been fine.
In comparison I have had a brand new PC arrive in an unacceptable condition and I returned it.

Jim

I went back to look at some numbers. Things are looking a little screwy now. the first thing I ever bought there was my Sharp Aquos 22". This was several years ago when they first came out, and this size was going for around $2000 at local retailers - I got it refurb for $799. Now they are saying the list price is three grand??