They have had the 3.33s 9400M as refurbs for $999.
Id spend the $200 on RAM before I would spend it on .22 ghz processor.
$1050AR new for the 3.06/9400M at macconnection.
The Apple Store offers the factory-refurbished Apple iMac Core 2 Duo 3.33GHz 21.5" Desktop, model no. MB950LL/A, for $999 with free shipping. That's $200 under what Apple charges for a new unit and tied with our mention from two weeks ago as the lowest total price we've seen for this current-generation iMac. It features an Intel Core 2 Duo 3.33GHz dual-core processor, 21.5" 1920x1080 widescreen LED-backlit LCD, 4GB RAM, 500GB Serial ATA hard drive, NVIDIA GeForce 9400M graphics, SuperDrive, Bluetooth 2.0+EDR, AirPort Extreme, iSight, Apple Magic Mouse, and Apple Aluminum Keyboard (small).
Also available is the factory-refurbished, current-generation Apple iMac Core 2 Duo 3.06GHz 21.5" Desktop, model no. MC413LL/A, for $1,299 with free shipping. Again, that's $200 under Apple's price for a new unit and another price low. This configuration includes a 1TB Serial ATA hard drive and ATI Radeon HD 4670 graphics. Both refurbs are covered by a 1-year Apple warranty.