Have one, love it. Mine was closer to $50 I think.
It isn't the fastest in the world. I let it autodetect and choose for me. 4 hours I think.
This is ok, because I used to use a Rayovac 1 hour charger and I am pretty sure it destroyed all the batteries I used with it. 4 years later and none of those batteries work anymore. Then again those were crappy Rayovac and Enegerizer NIMH batteries and they kind of sucked anyway. But I am not risking my precious Eneloops to that 1 hour pressure cooker!
Remember to read the manual, the different modes are confusing at first.