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My bro took my xBox to college with him

So I'm looking into buying a new xBox, I have a few options, they are:
1. Buy a refurbished version of the old xBox.
2. The new xBox (Standard, no accessories.)
3. The xBox 360 Halo Reach Version.
Comparison Chart:
Option: 1. 2. 3.
Hard Drive: 20GB 250GB 250GB
HD Component
Cables: YES NO NO
Wireless
Controllers: 2 2 2
Warranty: 1Yr 1Yr 1Yr
Price: $180 $300 $400
Wireless internet is not an issue, my connection will be wired no matter which console i choose.
I am leaning toward option one because it is so much cheaper, but it is also the old xbox which fails after a year. (My first xBox shit the bed with 3 days left in the warranty... almost exactly a year.)
But also, options 2 and 3 have 250 GB hard drives. This too is important to me as 20 GB is not enough.
The Reach console is nive but i dont really care about all the designer bs, i just want to game with it. And i just realized i would have to wait till Sept. 14th to get it soooo... actually the Halo: Reach Console is out... im just too lazy to go back and delete it from the chart.
What are your thoughts? Is the new console worth it?