I just got home from the garage sale at our local REI. Lucked out and heard about it yesterday, got in line at 5:45 AM - the first non-sleeper in line (there were 7 kids from the Wesleyan Outdoors Club sleeping-bagging it in front of me, one in a hammock).
I got basics - a Half-Dome 2 tent, a 20 degree bag and a Mars 80 pack, all three, in good condition, for $115, including tax. Nice - ready to get out and camp now!
It was a fun, interesting crowd. Couple of 2008 thrus close to me in line, one SOBO the other NOBO. Overall about 250 people were there to hunt, peck and pick. I'm definitely coming back next year and looking out for their winter sale in January.