$370 dual xeon six core server? too good to be true?

is this a good deal or am i just too sick right now to think? 

 

http://www.newegg.com/Product/Product.aspx?Item=9SIA4GH1UU5415&nm_mc=EMC-IGNEFL090914&cm_mmc=EMC-IGNEFL090914-_-EMC-090914-Latest-_-ServerSystems-_-9SIA4GH1UU5415-L030C

You can get a 4 quad core proc server with 32gb of ram for around the same price so it depends if you are ok with using good ebay sellers instead. It also takes up more space which I didn't account for. http://www.ebay.com/itm/Dell-Poweredge-R900-Server-4x-Quad-Core-Xeon-X7350-2-93GHz-32GB-No-HDD-/111452161858?pt=COMP_EN_Servers&hash=item19f3110742

http://ark.intel.com/products/47922/Intel-Xeon-Processor-X5650-12M-Cache-2_66-GHz-6_40-GTs-Intel-QPI

a bit old, and also refurbished, so I guess it could go for $370...