I usually wait on the new systems due to the reasons mentioned above. However, I've had quite a few first gen Nintendo systems and have had absolutely no problems with them whatsoever. Very reliable.
Red, I think that you should be able to pick one up if you keep tabs with the likes of EB, FS, and BB. Calling them to find out when they will receive shipments is a must. I did that and managed to walk in at opening time, without lining up outside, and only waited about 5 minutes at customer service to get one. You really will have to go as early as possible though if you want to have any chance, as obvious as that sounds.
Good luck! I test drove it for my kids (!) and it's a ton of fun....
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