Go with last year's model on a respectable brand.
I've seen Ride Control's around that price, and if you look around I'll bet you can find some even better deals.
(I'm not sure if it's still there, but there was a Sierra Crew (not sure if it's your size) AND bindings for $200)
Evogear has some stuff in their outlet store, as well as checking out Ebay and Craigslist and whatnot...
(Don't forget about your local stores either!)
Also, it'll help if you tell us what you plan on doing with the board (Park, Backcountry, Groomers?).