Much better bundle compared to that "Gunmetal ripoff!"
You even get a voucher to download PAIN. So you get a free PSN, MGS4, 40 more gigs, plus backwards compatibility for $100 less sounds like a bargain to me. Plus if you really wanted to get the custom paint job you could get it for $50 and save the other $50 for say COD4 GOTY at Circuit City!
Heres the link for COD4 in case someone wants it:
http://www.circuitcity.com/ccd/productDetail.do?linkid=j13459594k31063&affiliateid=k31063&mid=&oid=207889&WT.mc_n=777592&WT.mc_t=U&cm_ven=AFFILIATE%20MARKETING&cm_cat=PERFORMICS&cm_pla=AFFILIATE%20WEEKLY%20NEWSLETT->BYOL&cm_ite=273897%2020080221_NON%20REDIRRECTING%20FOR%20BYOL%20TEST&cm_keycode=777592