It was $74 when I bought it, and it works great. I've had it for about a year now. You should replace the blades once a year to keep your shave as good as it can be.
You'll NEVER get as good of a shave as you would with a regular razor, but it's nearly as good, with a lot less of a hassle. I get done shaving in 2-5 minutes instead of the 15 or so minutes it normally took me with the old hack and slash method.
I can only recommend Norelco. Any other brand for less than $100 is a joke, especially foil shavers (the ones with a rectangular head as opposed to rotary, the 3 spinning blades)
Malice: I think the one you're recommending is currently available now as the 8240XL.