dubdisciple
I think it's important to gauge what the OP's standards are. No professional studio or home recording artist planning on actually distributing music is likely to use a monitor in that price range, but if someone just needs something to get a rough idea on and plansd to finish mixing and mastering elsewhere it may work for basic needs. I have known well respected producers in their respective genres that have used fairly modest monitors at home. None would argue that these compared in any way shape or form to what they used in their studio of choice but felt it was a huge upgrade over your basic computer speakers. A person mixing backing tracks for their child's school assembly could easily get by using $99 m-audio basic model. Would it be better top spend more money and get a better monitor? Of course, but if someone has a fixed budget limit, I suspect they have some idea they are not getting what the big boys use.
What the "big boys" use should be out of reach of anyone not expecting a return on their investment. But IMO there's a certain price point where speakers marketed as "monitors" start to be of any real use compared to consumer gear.
I, for one, would much rather be mixing on my cheap but fairly neutral Denon bookshelf speakers (assuming I already have a stereo amp, like the OP does) compared to KRK Rokits, which are basically disco blasters in my, and many others', opinion.