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eBay with Black & Decker has the refurbished Black & Decker CCS818R 18-Volt Cordless Chainsaw for $40 with free shipping. Includes saw, battery & charger, guide bar scabbard, and a 2 year warranty.
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Pretty decent reviews on Amazon. In for one...I've got a large(-ish) limb in my back yard that this should be perfect for (6" diameter by 20' long).
I have the pole trimmer model and am happy with it. The charger is relatively slow but the saw itself works better than I had expected.
I have this and it's great for light duty such as trimming residential trees. It's not for heavy duty use though. If you have, or plan to buy into their other products like cordless weed eater, drill, etc. it becomes a better choice as you end up with a lot of interchangeable battery packs.
The batteries alone cost about $40...