Purchasing MacBook from BH Photo & Video

I'm looking at purchasing this MBP from BH Photo & Video: http://www.bhphotovideo.com/c/product/756788-REG/Apple_MC724LL_A_13_3_MacBook_Pr o_Notebook.html
How are they able to sell this for $79 less than what Apple.com charges? Is this an older version MBP? BH seems to be a reputable company but it's always been my recolection that prices for Apple products are usually the same at all the authorized resellers.
The only big difference that I can see is that BH will not accept a return on an open package but Apple will take it back within 14 days of purchase. Am I missing anything else?

It's the February 2011 model. You can get a refurbished one from the Apple store for $1269 with the full 1 year warranty and can purchase AppleCare for it.
http://store.apple.com/us/product/FC724LL/A?mco=MjIwMTAxNDI

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