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I've got a Trek I got for about 200 from a sporting goods store. It's reliable and has lasted years. I ride it quite a bit, but mostly just aorund town. I don't go on any long cross country bike rides, nor am I training for the tour de minnesota.
In my opinion, you don't notice the extra quality of a real expensive model (of anything) until you've used a cheaper model for awhile. So, go for the cheaper (but not cheapest) one. If you like it, buy a nice one in a year or two. That way, if you don't like it, you won't be out much.
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I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day.
-Frank Sinatra
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