G'day Binos,
Without duplicating your research, at first glance I'd say it's probably a good deal. Depends on what the features are, but 64Mb card included is a good start. I bought a 4.1 megapixel, 64Mbcard, 3Xoptical zoom, 2X digital, for $700 last year and am very happy with the deal and the camera. Given the downward movement in technology prices I'd say you're on track.
As an aside, I'd go for more megapixels if the option is available and you can afford it - it's worth it. I can get photo quality 80cm x 60cm poster sized pics straight off the camera. Fabulous.
AA