It's literally brand new. I bought it 3 weeks ago. I still have the original packing and receipts. The guitar is a bit old. But, the drums are only 2 weeks old. All the pads work. How does $350 sound? You will get,
1) 360 with no hard drive (with a memory card to get you started)
2) wireless controller+all cables and power adapter
3) guitar
4) drum set
5) rock band 2 and a few xbox games (madden and such)
I really need money for college, haha. I'll post pictures if you want. I still have the receipts if you don't trust/believe me.