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Blueray 450 PE (Metal Head&Tail) from Xheli.com
Blueray 450 PE RX ready from Xheli.com


BLUERAY 450 vs. BLADE 400


Here is my opinion on why the Blueray 450 is a better deal than the BLade 400 and some Pros and Cons to both for a first CP 450 sized Helicopter.

Cost
I went into a local hobby shop and a Blade 400 RTF with DX6i was $495 (you may find it less expensive online)
The Blueray 450 PE RTF is $329 (you can find a discount coupon on this site). With that additional $$ savings, you can get a few more batteries, a decent 50W charger and some tools.  Granted, the Blade will come with a good helicopter radio (DX6i) but you can always get the Blueray RX ready version for $229 and then buy a DX6i for around $200 including the Rx. You will still come out ahead with the Blueray and have some $$ for batteries and a good charger.

Compatibility
The Blueray450 will take Trex 450 SEV2 compatible parts. Although the frames are different, nearly every other part you can buy the less expensive EXI parts or get Align parts from online or the Local hobby shop if they carry it.  Most of the time, the EXI parts are less expensive.  The Blade 400  will only take Blade 400 parts and some Local Shops charge more than online prices for them.  

Upgradeability
The Blueray450 being Align 450 SEV2 compatable has a wealth of available after market upgrades that will fit it.  You can get better mechanics (the Blueray mechanics are already mostly metal and better than the Stock Blade 400 anyway!)

Flight charactoristics.
The Blueray 450 can do 3D flips and inverted flight right out of the box with good performance. The Blade 400 can do inveted but the performance is lacking and there is little roll rate to get you out of trouble.