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I was in Circuit City today about to buy an Arcade when I realized it didn't have the free Sega Tennis game. So I am heading home and see a Target. Worth a shot ...

I see an Arcade, with the free Tennis game, but then, I see this.

With 6 games and wireless controller. Availability dates subject to change. 
Free $25 Target GiftCard-SM with purchase of Xbox 360 Arcade system! Quantity limited; no rain checks.

I was like 'No way, son!' So I snagged it - but the dude couldn't ring it up right, so I got the Arcade, the 6 games and an extended warranty for $209. However, with the Arcade, MS will give me a free 512 memory card or a refurbed 20gb HDD for $20 - or one with 3 months of LIVE for $30. I tell you - with tax, you can snag a 20gb 360 with HDMI and quieter fan for under $210. Not a bad deal at all.

Edit: The Arcade was $199 - but since he couldn't get the gift card added for free, he deducted the $25 GC off the price of the Arcade, lowering it to $174.