I bought one a couple of weeks ago when Best Buy had it on sale for $199 (thanks to Dealnews.com for the deal!). With the two HMDI inputs, wireless subwoofer, and bluetooth, I figured it was worth a shot. So far I am very pleased as it it works quite well and is a big improvement on the TV speakers. My TV has CEC so the bar turns on/off with the TV and my DirecTV remote control the volume so that's quite nice as well. I have a bluray player and DirecTV HD receiver hooked up using the HDMI and that works nicely. I have an optical cable coming from Monoprice that I will connect for when I watch OTA TV and use the SmartTV functions. The bluetooth seems to work quite nicely as we used it recently with my wife's Ipod Touch and I was carrying it pretty far from the TV (15-20 feet) with no issues.
If you can wait until it's $199 again, I think it is a hell of deal since it has the two HDMI inputs and one HDMI output so you not just stuck with the limitations of running the audio from the TV over optical.