I'd bump it up to $300.
If you don't, you'll wish you had (IMO).
If you can't swing over $200, go used.
From another post here:
There are lot's of receivers under $300 that would be an upgrade for you.
I'd consider first the ones discussed in this concurrent thread here:
http://forums.audioholics.com/forums...ad.php?t=53128
as they will all accept LPCM audio over HDMI (something you want for the future).
A brief list:
Onkyo TX-SR576
Onkyo TX-SR606 (only refurbs, when avail., under $300)
Marantz SR-4002 (accessories4less new=$299)
Pioneer VSX-918
Yamaha RX-V463
Yamaha RX-V563