I bought an Elite 2 month back to replace the one that got stolen when my house was burgled.
First one I paid £199 for from Gamestation with Forza 3 and Shift.
Second one I paid £209 for from Gamestation which came with Forza 3, Gears of War 2 and Bioshock 2.
Seems to be about the going rate still I think! Just make sure you buy accessories from the net as Game and Gamestation were daft money for things like Wireless Adaptor, HDMI cable etc.