I'm gonna buy a headset tomorrow, and I'm not sure If I want this one.
http://www.walmart.com/ip/Turtle-Beach-Ear-Force-X31-Gaming-Headset-Refurbished-Xbox-360-Xbox-360/17812996

It's an alright headset from what I've seen, and based on what I've seen on YouTube its a pretty damn good headset.

$60 is pretty much my limit, because 100 dollars for a headset.. (Yao ming face)