This drive is now $139.99. (edit: well thats base, I gues with shipping the price hasn't changed)
It sounds exactly like the NEC 4x burner I got with my Dell. If it is, then I think this is a great deal.
Performance Specifications
DVD+R Write Speed 4X
DVD+RW Rewrite Speed 2.4X
DVD Read Speed 12X
CD Write Speed 16X
CD Rewrite Speed 10X
CD Read Speed 40X
Buffer Speed 2 MB
Interface Type EIDE
Disk Specifications
Compatible Writable Media DVD+R, DVD+RW, CD-R & CD-RW
Supported Formats DVD-ROM, DVD+R, DVD+RW, DVD-R, DVD-RW, DVD-Video CD, CD-DA, CD-ROM (XA), CD Extra, Video CD, Photo CD*, CD Text, multi-session
Writing Modes
Random, Sequential, Multi-session, Fixed and variable packet writing, Track at once, Disc at once