Yes, but I've also seen an MK1 10 gig w/ amp, sub, carry case, dock, and extra facia sell for $310 canadian. About $225 US on eBay. So, I think $170 is a fair bid for the unit... Better than $100 as was previously bid.
Also keep in mind, there are 20 gig MK2a units, with 2x the ram of the MK1, ethernet, and other goodies which sell for about $250.
I'd prefer an MK1 because the flat facia and Aluminum handle fit with the rest of the flat flourescent displays on my '89 Chrysler Lebaron Turbo convertable.

The Empeg is an awesome piece of equipment, but it is old, and the price of simaler devices has come down quite a bit. Thank god they retain thier value better than laptops though! My T22 which is 3 years newer and cost quite a bit more retails for the same price as an MK2 with the same size HD.