Maybe. From the sounds of it, it has just been an error between the company and EBay. I have sent off the defective xbox 360 and am expecting the replacement early next week (UPS ground shipping). I am hoping it was just an error and everything will get sorted out.
If not, I have Paypal / Capital One on my side. I don’t want to, and I do not think I will have to but just incase they are there.