The iMac you're looking at has twice the RAM and twice the hard drive space, compared to the $1199 refurbished model Apple is offering, so aside from the financing issue the newer machine has some benefits for the money.
I didn't take RAM and hard drive space into consideration so good points. But in defense I almost always buy third party RAM and install it myself as its much cheaper. You can also buy an external firewire hard drive to make up the difference, I usually use a second hard drive just to store my audio files.
APK I hope you were joking, no or so I couldn't tell for sure, and I have a much higher opinion of you . . . or should I say had?