lackluster

I must admit that I've been away from the bike business too long because all the prices seem too high for me.
The Raleigh looks ok but a few years ago that would get maybe $75.00.
All depends on what you want, what feels good to ride and all.
Ask some bike shops if they have any used bikes for sale. They usually go through them and fix them up a bit.

I have a Trek hybrid that I got for about $450 that I absofrigginlutely love. It's not an entry-level model though, I'm sure you could find a used entry-level one for close to $200. I tried to tell you this yesterday but the comment got lost!