I know it depends on the "market" in your area, but you can do better than that one. This one is relatively heavy and low-end, has a cottered steel crank set, most likely steel rims, and plastic Simplex gears (love 'em or hate 'em). You would be better off with a mid-level or better Japanese bike from the '80s with double butted chrome moly frame, alloy cottorless crank set, alloy rims (700C size would be real nice, but most are 27"), with quick release alloy hubs, down tube or bar-end shifters, etc. Schwinn also had some decent bike worth considering. If you are an "outdoors" guy, you may also want to take a look at cyclocross bikes. Kind of like a road bike that thinks it's kind of like a mountain bike. For a bike to ride, you can also check out the online deals at Bikes Direct, Performance, and Nashbar. They sometimes have crazy specials at Performance and Nashbar, and you can sometimes find a steeply discount bike in your price range. Also, if you are heavier...make sure the bike can handle the extra weight. Some of the newer bikes aren't as durable as the old Chicago built Schwinns. Some websites to check out....
http://bike.jaxed.com/cgi-bin/bike.c...&itm=centurion
http://www.trfindley.com/pg_schwinn_cats.htm
http://classicfuji.com/
http://autobus.cyclingnews.com/cross/?id=faq