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It is, yes, for the price. The warranty is what makes it though. The other chairs in this price range all have a 1-3 year warranty, but this one has seven years, as does its newer, bigger brother the Dexley. Both of them go on sale under $200 frequently. They're sold through Wal-Mart, Amazon and a few other online stores as well.
Amazon reviews for this chair are not great, although it looks like it's in stock there
I have this chair it has been serving me well for a year now (got it as an early Christmas present.)