This is basically the same exact drill press as the harbor freight 12 speed central machinery 10" press, which goes for about $110 after coupon, plus the effort of picking it up at the store.
This is the same motor as the WEN 10" press, but with a crappier table and different gearing. Unlike the WEN, this actually can be set to a low enough RPM to drill steel without burning your bits.
I'd still recommend picking up an old used american made drill press from craigslist if you have the time to clean up some rust, but if you find yourself using the tool a few times a year for wood or thin steel and aluminum, this will do just fine.
As far as bang for the buck on a brand new drill press, you won't do better than this. Ever. Use the money you saved to upgrade the chuck or buy a vise.