I recommend purchasing refurbed mac products, but it depends on what you're buying.
I bought a iMac probably 6 years ago (20 inch 2.66gh) which was refurbished. It worked great and had no problems. It basically was brand new and I saved quite a bit of cash in the process.
I sold the first iMac and decided to go to higher res and therefore went with a refurbed 27inch iMac which was notorious for it's yellow tint upon initial release. Well, long story shot, I went through 4 units which ALL had the yellow screen issue... I spent a month going back and forth with apple and it was a total nightmare...
Just my experiences... 50 / 50
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