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I got a $350 Pro-Ject Essentail2 in March. It is fabulous sounding and does not embarrass itself in from of tpmy Rega P5 or Clearaudio Concept.
It comes with a competent Ortofon OM5 cartridge which is the 900 lb gorilla of the budget cartridge market.
Basically it is plug and play. I got the white one which also looks cool.