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Depends on the recipient and maybe occasion. For friends and family members I would have no issue getting or receiving refurbished as a gift in general. I would probably not do so for graduation or wedding gifts though.
My main concern over the B&N nooks as say a Christmas gift, is that they only had a 14 day DOA warranty and other warranty limiting factors, and they would miss out on the early death time under warranty and the time that most bad electronics goes bad. An open tested refurbished gift seems to be going a little too far to me. So I would probably give it to them now, then follow up on Christmas with a small ebook gift certificate to remind them what they got as an early gift.
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