Taken to the cleaners...LOL...K&C packaging can be a big part of the appreciation for collecting as a whole and what was offered by K&C...if solely for display then yes it's irrelevant.Don't believe there was an XM 02-02.
Aside from the box, there is no difference in any of these special sets from the regular issue. Probably just a marketing thing. Anyone who paid big bucks for these repackaged sets was taken to the cleaners.
I desired that first Christmas set and had never seen it listed before...got that feeling I won't see another for quite some time!I think boxes are important and add to value but shouldn't be the sole determinant.
You referenced a $700 auction yesterday. I looked it up this morning and it was for the first Santa Claus. Although quite expensive, it is hard to find. However, it's not a re-packaging. Although I suppose to each his own, paying big money for a re-packaged set doesn't make sense to me unless you're a completist.