This deal has ended.
Overstock just added a bunch of refurbished color iPods to their inventory, along with select other models. For example, the 2gb refurbished Silver iPod Nano is $125.54 after this 7% off coupon (there is also this 8% off for new customers that drops the price to $124.19) through 3/31. Shipping is $2.95 and there is no sales tax (except UT, IN). The Apple Store also has some refurbished color Nanos and there $119 price is lower but sales tax bumps that up to almost $130. New Nanos start at $149.