I received my 12" fry pan on Tuesday. We had some friends over for dinner that night, and we tried to find the reason it was a factory second. One person thought that the finish around the rim was a little off, but the rest of us weren't convinced. Otherwise, it looks first quality.
There is another sale scheduled early next month. I think it starts March 9. It was posted on the homeandcooksales web site, but it was replaced by the T-Fal promotion, so I can no longer tell the date. You can sign up for email notification at Cookware, Cutlery, Fry Pans, Sauce Pans, Hard Anodized, Electrics, Cooking Tools, and more - All-Clad