The Sony Xperia Tipo serves this price point and even has ICS standard:
http://www.newegg.com/Product/Product.aspx?Item=N82E16875212217

Step up to the Miro for $50 more, and you get a (slightly) bigger screen, better camera, and LED flash:
http://www.newegg.com/Product/Product.aspx?Item=N82E16875212219

Another option would be something from Blu. They often have a good bang-for-the-buck, but updates are very questionable. At least if Sony doesn't update your phone in the future, the Free Xperia Project is pretty active.