I was thinking about if my brother and I should split the cost of an arcade xbox 360, but what I was worried about was having to buy a hard drive. But that $220 dollar deal seems very much so worth it. Maybe I'll sell my Wii which has been sitting in my room collecting dust for months, and use that extra money for an extra 360 controller, Fable II, and an xbox live subscription.
EDIT: WOW. After seeing how much used Wiis are going for on ebay, I'm very tempted. And I also have an extra controller, Guitar Hero III with guitar, Mario Party 8, Mario Kart with the wheel, Mario Strikers Charged, and some gloves for the controllers. I might be able to get like 400 bucks for it all!