I tend to think that cheap things are cheap for a reason. That's not to say that a deal can't be had, but it seems rather unlikely that you could spend that little and get something pretty reasonable!
I guess upgrading hardware is an option, along with fixing all the relevant manufacturing woes that are likely to exist, but then of course, you add cost, so the deal becomes slightly less sweet.
I am a proper cynical **** though :)
Roo