NICE
a buddy of mine got one from that company a few years ago too. (i remember the funny dude in the demo vids).
we ran that thing through a big muff and into my bass amp.
with your budget though it's going to be tight. you're basically looking at a small practice amp. i like the Peavey Rages, little 15watt tanks, run just over $100, has some built in distortion but it's hardly the best. then again any built in effect at that price is going to suck more than not.