Frank,
I saw the planer in the flyer myself and thought what a great deal ( except I already have a planer ) Now if you are using the thing for average weekend woodworker stuff it's a great deal.
One word of advice though, my (Delta...el cheapo) planer is 10 years old or more now and they have new technology out that allows you to plane wood without sniping the end of whatever you are planing. It's a real pain running a piece of oak or something expensive through the planer knowing that about 1 1/2" is going to have to be trimmed off at each end because the planer takes a "bite" out of the wood when it enters and exits. I find sometimes I would like to plane just a hair more off a piece of wood after I have cut it to length, and it's not possible because I know the planer is going to bite the ends of the wood.
If I were buying a planer today I would buy nothing less than a one that doesn't snipe the ends of the wood regardless of a sale on another type. I have used both, and it's a basic case of being disappointed in mine after the fact....If I had only known.
In my opinion it's worth the extra $200-$300 for a planer that doesn't snipe. Plus something a little more pricey will have a better motor and likely planer blades that aren't just mild steel.
Well that's my two cents worth, so whatever you decide I hope it works out for you..
Good Luck Todd