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I'd stay away honestly. Anything refurb kind of scares me.
I'm sure you could wrangle up something on the forum with a longer warranty, no? Probably pay a few more bucks I'm sure though.
"refurbished" usually just means a card that someone else returned, and after doing superficial tests, decided that it still "works" so they sell it as "Refurbished".
btw, how's the old E3110?
I don't think I've ever seen a refurbished or open box video card that was so much less than the new one that it justified purchasing it over the new one.