Not a bad deal if you combine the AMEX offer (spend $250, get $50 back) making it $368 total.
Might not last long, but given its the previous model, it may not be as good as the ipad air or mini, but I think its pretty much the same but few grams heavier than the ipad air…
FYI, iPad 2 is getting discontinued and will be replaced by the iPad 4 (iPad with Retina Display) as the budget model. Only 16GB and 3G versions will be released.
Look out for iPad 2 specials as most retailers should be clearing them out.