Possible, but that would be a great sale price for the E1. I think I've seen the FF II version at that kind of price lately, which IMO would make it an amazing bargin for what you get.I thought I seen the E1 for under $150 with the normal redical tho.
Sportsmans Supply has been selling TONS of Burris scopes on GB for the past several months. They start the auction at $.01 and let them run for a week. The lowest 4.5-14x42 E1 ending prices have been in the $170-ish range + $10 shipping. They are also selling some the 6.5-20x50 at very aggressive prices. Sportsmans Supply sometimes blows out quantities of scopes like this. I bought a few Weaver V-24s from them a while back at an average of $232 delivered, which was a great price at a time when most of the well-known sellers were getting $400 +/-.
One other note on the Burris scopes currently on offer, a lot of them are the Long Range MOA reticle. That one is way too busy to suit ME (might be ideal for others). I'm a big fan of their Ballistic-Plex reticle, and would want that one in any Burris FF or E1 that I buy.