It's been remarked that the iPhone is cool.

And a tad expensive.

I don't own one yet, but my pre-purchase budgeting has me hunting squirrels with a pointy stick as opposed to running out to Safeway to meet my nutritional needs.

As of a few hours ago, Apple recently added the iPhone to the refurbished section of the Apple Store. The handsets are now being offered at US$399.99 for a four gigabyte model and US$499.99 for an eight gigabyte model.

According to MacNN, the offer includes free shipping, a one-year limited warranty and telephone support.

Still, it's US$100 off and might be worth a gander.

If you have any thoughts or feedback on this, let us know via the comments or forums.