I got a brand new 350 for $129 from eBay shortly after the T-1 came out. I checked out the T-1 and realized there was nothing about it that I liked so opted to hunt down the sure thing I loved as my spare instead and I'm very happy I did.
Some people are charging a LOT for the 350s and 650s, but there are still new 350s out there for the $129 price, and some refurbished for less if you just keep checking.
When I originally bought my first 350 in January 2011, I also got the Sony covers shortly afterwards, both with and without a light, so my spare reader even has a good cover.
Of course I'd buy a 3rd 350 if I found one reasonably priced in blue, I'd still kill for that.