Can anyone tell me what a refurbished ipod is?

Something caught my eye, the refurbished ipod costs less. What is it? Is it brand new, I mean intact? And can you personalize that thing? I don't know which is a good idea to buy, a refurbished one or the normal versions...
I am planning to buy the ipod 4/8gb nano, or 30 gb ipod with video playback. Still very confused, don't know which one is the best choice? :S
It would be a great help if someone explains it to me...
Thank you

Refurbished iPods, IMHO, are a good deal: I've bought several in the past, and they've been great. They're cosmetically "as new", and come with the full 1-year warranty, and are eligible for the AppleCare Protection Plan.
Technically (legally), they're not "new", in the sense that they're returns that have been "gone over" to be "like new", hence the considerable discount in price.
All in all, definitely something to consider!
eMac   Mac OS X (10.4.7)  
eMac   Mac OS X (10.4.7)  

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