Got mine via mail from Gamestop yesterday. Gold LE System and extra stick. Everything was pristine.
THE PICTURE SUCKS ON TV.
I have it plugged via A/V into an LG 1080 LCD. It looks horrid. I haven't tried HDMI yet due to all the other negative comments, but I'll try it soon.
As for the handheld, it's amazing. Very nice. Very lush. Plays fantastic and looks beautiful on the screen.
This thing just looks rancid on my TV though.
***EDIT****
I just tried HDMI. It's MUCH better. Still not as good as my real AES though.
I'm happy with my X.