Well, I can't find that much info about that player, except that there are a buch of them for sale. Anyway, I think the price is okay, since similar Panasonic models (remember, Panasonic=Matsh****a=Technics) are very well built and have great sound. You could have a problem playing CD-Rs and I am allmost 90% sure that you wont be able to play CD-RWs. There are some issues with other Technics players regarding the headphone jack having intermitent sound after some time, but if it's okay I say go for it.
And don't forget to let us know how much you like it. Best of luck.