Lowe's must've bought out a warehouse full of these or something. They're playing it cool, letting them go at this price very sporadically. I picked up the Freud 2 1/4 HP 1702 combo kit a few months back for 100 bucks. I don't think that deal can be beat. Its got lots of bells and whistles -- above table height adjustment, 1 handed bit change, 2 collets, dust hook-up -- plenty of muscle, and I'm really pleased with it across the board. The only cons I can think of are that the plunge base isn't very smooth on the vertical axis and, when changing depth above the router table, the bit has to be checked for square and given a slight nudge if its out before locking it in place. These are very small cons in my mind (they are easily made right if you're paying attention) and are thus pretty much negligible.
Go for it!
-Morgan