I paid three times that for mine, and mine doesn't have the cool woodies. I've only had it to the range once, though, and it wasn't fun, as the gun apparently didn't like the MiniMags that comprised the only .22LR ammunition I had with me that day. The gun was bought used earlier this year. If I had seen two of them at your price each, I would have bought them both.
As mentioned, do not rack the slide with a round already in the chamber; you'll end up with a double-feed jam.
Incidentally, I have the DAO Taurus PT22, which is of a similar design, and that gun will shoot and shoot..