iPad 1 for £250 sealed new... Good deal?

[Vegetarian]

Someone at work got given an iPad1 for achiving good targets and does not want it and is going to sell it for me tomorrow for £250. I was wondering if that is a good deal in light of the iPad 2?

Also I told if you got a sealed new ipad 1 you can swap it for an iPad2 and pay the difference at the Apple store - sounds far fetched but is it true?

 

[Vegetarian]

The person decided not to sell it for £ 250 and wants between £320 ~ £330 as its the 16 gb 3 g one. Im not prepared to go that high.