$329 shipped including taxes? That's what I paid from Interpro with that facacta little tabletop tripod. It's pretty good if you're interested in a low cost ultra zoom. I haven't really used it much yet but I'm generally satisfied with the picture quality, although it does tend to add a bit of a reddish hue to many shots.
If you don't mind refurbs, you can get a Olympus C-755 for about the same price on Ebay straight from Olympus ( $6 shipping). It has an extra megapixel and 10x zoom. Picture quality is superior but they both have their pros & cons.