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Just wanted to leave something extra here to what, for me anyway, points to MS stuffing/retailers buying more than needed.  Just a little chart I've put together after doing a quick check at online retailers and seeing if they had any holiday bundles still in stock.  To be fair, I have also checked for the PS3.

Updated: Changed the 160GB Holiday Bundle (it was actually only a Black Friday deal) to the Harry Potter Bundle.  Though, I doubt it sold extremely well, as it only came with a movie. 

Stores Xbox 360 250GB Holiday Bundle Xbox 360 250GB Kinect Holiday Bundle PS3 160GB Harry Potter Holiday Bundle PS3 320GB Move Holiday Bundle
Amazon No Yes No No
BJ's Yes No Yes No
Fry's Yes Yes Yes No
Gamestop Yes Yes Yes No
Kmart Yes Yes No No
Newegg Yes Yes No No
Sam's Club Yes Yes No No
Sears Yes Yes No No
Target Yes Yes Yes No
Toys R Us No Yes No No
Walmart Yes Yes No No
Total Stores With Stock 9 10 4 0

Take from this chart what you will.  Just keep in mind we are already 3 weeks past the holidays in the US.