Ha, you're in gadget buying mode like me. You must be clicking CES news too...

I considered this before, but I've seen ones for less than that, around $100. I don't think the quality would be great though.

If you already have a turntable, wouldn't it be better to get a sound card/USB dongle that can input an analog signal then record it that way? Would be much cheaper. I know that all my Macs have a microphone input which can be used for line input. Use a program like Audacity and voila. I suppose the big problem is getting some box to use as a pre-amp for the TT though.