I'll vouch for the quality of Traynor amps. I own the YCV40, and paid $599.00 CAD for it a year and a half ago. I'm not sure if the price has gone up from that, but that translates to about $365 USD (using an exchange rate of 1.65).
It's 40 watt all tube amp, with vintage distortion and reverb. Two channel with separate tone controls for each channel, two-button footswitch (one's a boost switch), 12" Celestion red label speaker, Accutronics extra long (or something like that) reverb springs.
It has a great crisp clean tone, although the Celestion does have a bit of a piercing high end - but some people dig that, or you could eliminate it with an equalizer or compressor or by turning down the treble knob. The distortion is wicked, too - a nice rumbling vintage distortion when the gain's at about 5, or hard rock at 10.
Well, I'm done raving. Check it out.
see you on the dark side of the moon