What is up with the ridiculous prices on used Ipad's 1st gen

I was on kijji/ebay/Craigslist, all i see the first gen Ipad going at 350-400 dollars. I check apple's prices on the main site, the Ipad 2 is $399, I don't get why the first generation Ipad is the same price as an Ipad 2. Am i missing something? I was thinking of buying the first generation Ipad used since the 3rd one came out and i thought it would drop the price down.
Any answer is appreciated.

Hi,
I had one of my phone's battery run out.
It was charged overnight and had enough battery before I went to bed.
However an iMessage I sent and checked on my other phone (Smilies from Messages Beta) did not arrive until this afternoon my time  (At least 12 hours later)
Syncing seems to have a long way to go on this.
I amd finding both Phones (iOS 5 devices) and the Messages Beta are having difficulty in keeping things in sync and up to date when they are On.
8:36 PM      Tuesday; April 3, 2012
Please, if posting Logs, do not post any Log info after the line "Binary Images for iChat"
  iMac 2.5Ghz 5i 2011 (Lion 10.7.3)
 G4/1GhzDual MDD (Leopard 10.5.8)
 MacBookPro 2Gb (Snow Leopard 10.6.8)
 Mac OS X (10.6.8),
"Limit the Logs to the Bits above Binary Images."  No, Seriously

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