I've LOOKED at both...
My take on the difference between the two:  The H260 has a nicer layout below decks, with:- A 'full' galley.  The galley has a single burner stove (not found on the 240); An appropriately larger cooler - I would not be able to carry enough beverages (much less food! ;o) in the 240's cooler for a weekend of sailing, and you don't have to move someone out of a berth to get to it; Headroom (see Tom's post), and storage space (again, see Tom's post).- An enclosed head (Maybe I should just 'ditto' Tom's post?).  There is also a hanging locker in there (not found on the 240), and if memory serves, some storage and a vanity with a sink.- Slightly larger berths, and a larger, more stable table.  The other thing that stuck out in my mind is that the 240 really doesn't have many places to mount accessories, like a VHF, or AM/FM/CD radio, or places to keep a small tool kit, or toss your keys, etc...  On Deck, I found the two boats to be similar; The models I got to poke around on had tiller steering, so I didn't get to see the wheel in place.  The setup procedures didn't seem very different, if you have the mast raising system and the struts.  If money weren't an issue, I am sure I would go with the 260- It seems like a more full-featured boat for comfortable weekending, or even 1-2 weeks puttering about in your favorite cruising grounds.    The 240 definitely has the price advantage, but I think the 240 would only be comfortable for daysailing, with maybe one or two nights a season spent aboard.  Just my $.02...--Jon BastienH23 '2 Sheets to the Wind'