CrunchDeals: Refurbished black Xbox 360 Elite system for $200 is selling the black Xbox 360 Elite with 120GB hard drive, HDMI out, headset, and wireless controller for $199 when you use promo code ELITE at checkout.

This is a refurbished system with a 90-day warranty and the deal is good until October 15th or, presumably, until they sell out.

All in all, not bad if you’re looking to get set up with a fully-featured Xbox on the cheap.

Xbox 360 Elite System []