Panasonic SC-PT480 upconverting DVD 5.1 Home Theater $146 with free ship to store @ walmart.com

As i was browsing for a cheap sound system for my PS3 i came across this on the Walmart website.

Panasonic SC-PT480 5.1 DVD Home Theater Sound System:

* Total system output power: 1000 watts RMS at 10% THD
* 5.1-channel surround sound
* DVD, DVD-R/-RW, DVD+R/+RW, CD, CD-R/-RW playback
* WMA, MP3, and JPEG playback
* Dolby Pro Logic II and DTS decoders
* FM tuner with 30 presets
* 1080p upconversion with HDMI
* Black color
* Panasonic DVD home theater system includes a universal iPod dock

Link [walmart.com]

$146 with free 'ship to store'.

Seems like a decent home theater system, especially in this price range.
Doing some price checking i found that other reputable online stores sell this for around 200 and up. Amazon has it for 200.