Its not exactly much of a discount, you can get a 250GB HDD off Newegg for $59, plus the game at $57 off Amazon. I'm sure around xmas retailers will be discounting even further at xmas also anyway so you'll probably pay even less. Looks like it works out to be the same price to me.
Not only that, but a $399 price in the US will mean a $699 price in Australia. That's a $200 increase, I can get a 250GB 2.5" SATA drive for AUD$66, plus new PS3 games go for AUD$89-99 at JBHifi ($119 RRP) so I'd be AUD$50 worse off.
Its a shame, as otherwise it would be a great bundle, one I'd probably get.
Never argue with idiots
They bring you down to their level and then beat you with experience