As with all things in life, you get what you pay for. It may be a good value for $129, but I'd be lying if I were to tell you it sounds like a great monitor.
Looking to spend only ~$200 you are not going to get much, but the one feature I wouldn't compromise on is height adjustable stand. The center of your screen should be at the eye level; you don't want to have to look down.
A decent choice close to your price point would probably be
this. I've used one myself and it's acceptable.
Another thing you need to know is that anything in your price range, including my suggestion, will be using TN panels. It's a flat panel technology that is substantially cheaper to produce, but suffers from relatively inaccurate color reproduction and limited viewing angles (meaning that the colors and brightness will change some if you view the panel from an angle and not straight on).
TN panels are perfectly fine for gaming and typical web browsing/office usage, but not so great if you are working with photography or desktop publishing and need color accuracy. If you are not, you will likely find a TN panel satisfactory -- the color inaccuracy isn't something that strikes you whenever you look at it, but more of an issue of your printed work not looking like what it did on the screen.
IPS and PVA panels offer more accurate color reproduction and wider viewing angles. However, they are more expensive and generally slower, which could be a disadvantage if your primary use is gaming. If you are doing color-sensitive work, you might be better off keeping your CRT until you can afford a monitor using one of those.
This site offers good information about all of this and detailed reviews.
