MS doesn't actually "repair" the vast majority of consoles they receive. They've processed so many that the repair process is more of a replacement process, using refurbished models using revised chipsets that are theoretically more reliable. It only costs MS more money to replace a refurbished unit should that one fail as well.
SCE does this as do many computer manufacturers like Apple with non-customized devices like iPhones/iPods.
You can tell which model you receive by a number of signs, the easiest being to look up the serial number and manufacturing date.
With the original Xenons, the most obvious difference is the lack of HDMI port, which means any Xenons being returned won't receive a Falcon or Jasper mobo, but the Opus, which used a revised chipset minus the HDMI port.
The heatsink should be of the revised design as well (it was made larger with the first revision Zephyrs and may have been scaled down in subsequent revisions due to the die reduction of the GPU and CPU).
It's sort of a mixed bag when you receive a refurb since it's unknown what component failed when it was returned to factory. It could have an older, noisier DVD drive, it could feasibly have an older motherboard if it was returned to replace a broken DVD drive.
But if the DVD drive's quieter, you probably have a newer DVD drive. And if the fans run quieter, you probably have a newer motherboard.
Ultimately, you get what MS sends you since it is essentially a free repair.