New saw is a better value
Reconditioned is supposed to be "returned to like-new condition". The saw I received does not look new to me, it looks like a used saw. Deep scratches in the table and some sawdust. For a bit more more, you can get the new version with extensions and stand. The money saved buying a slightly beat-up looking used saw isn't worth it.

Just like new
I was very surprised and very happy to recieve my saw in new packaging and to see that it had been totally reconditioned. I couldn't find a mark on it. It assembled easily and runs perfectly. The motor has plenty of power which makes for very smooth, easy cuts. It is everything they said it would be.

ALMOST good as new
I just received my recon saw yesterday. As mentioned in other reviews, the packaging left a lot to be desired. The saw itself was wedged into the standard styrofoam form fitting pieces that contained the saw in the box without shifting. The miter guage, blade guard and fence however, were tucked under the saw and were loose. Unfortunately, my fence was damaged during shipment. The lockdown mechanism was bent and no longer worked. I contacted customer service and they're working on sending a replacement. The saw itself is wonderful. The perfect compromise for someone like me who doesn't have the room for a full size one. It took a long time for me to finally decide to buy this saw and don't want to ship the whole thing back, so I'll wait for good news from Amazon CS. Without the fence damage this saw is worth five stars!!! I'll update my review when my fence gets replaced---stay tuned. I received my fence this week. Bosch sent a brand new one. It locks down tight and is very accurate once adjusted. Thanks for a great saw at a bargain price.

better than I hoped
I ordered the reconditioned Bosch 4000 table saw, because of my need for a compact, powerful, and precision working tool (for small furniture repair). I have been to woodworking shows and was impressed. Then I found The Tool Crib. I ordered the saw, and to my amazment, it arrived in 2 days. Although it was a factory reconditioned saw, I am not able to find so much as a scratch on it. The blade and fence were factory aligned to about 40 thousands of and inch, after working on it, I was able to realign it to less than 10 thousands of an inch. Smooth start up, and fine adjustments is just what I needed. I could not ask for any better saw.

Compromise
As other reviewer I too was concerned over the box and minimum of packing used. Fortunately there appear to be only cosmetic blemishes to the fence and underside of the table which still seem to have been inflicted during shipping. Ran a few pieces thru it and it cuts as promised... very strong and smooth. If you want the free table that is now thrown in with a new saw for an extra $100 I would go for the new one.