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I'd strongly suggest looking for a quality used bike in that price range. Generally bikes will lose 1/2 their value the first year they are ridden. I guarantee you that quality parts and a frame from even 5 years ago are worth more that the equipment on the current crop of $200 bicycles. Buy a used one and ride it for a year. If you take to the sport, then you can sell the used one and feel confident spending more on a new, higher end bike. If you lose interest just sell the old one again, and you probably won't be out much money in the long run.
As far as how it makes you feel, well I have trouble putting that into words. You'll have to get out and see for yourself.
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