If you are buying the gun just to have something to play around with and get the family into shooting, yeh doesn't sound like a bad deal. But if you are getting it for a home defense or larger game hunting rifle, i'd pass.
What I don't understand is you can get the S&W AR22 thats almost two times as much as the Mossberg. Either the S&W is overpriced or the Mossberg is lacking somewheres.
But for an entry level gun its sounds ok. Im more of a Ruger 10-22 fan myself though.