I, too, was surprised (unpleasantly) at the price points when I bought my tripod about a year and a half ago. I ended up going with a Giottos MT 9242 for $93 from Central Camera on Wabash. I also sprang for a Manfrotto mounting head for a little over $50, bringing the total with tax for the complete setup to ~$150. Certainly not inexpensive, but a low to average amount (so I was told) for what these things cost. I suppose my criteria were ill-defined if not non-existent when I went in to purchase one--I just knew that I would need one for night photography and I trusted the salesperson to help me choose one for below $100 (so I guess the best tripod for that price was the purchase objective).
The tripod is great; it's pretty compact (retracts/collapses down to about 1.5 ft.) and lightweight, and the quality is great (solid hardware and levers for all of the lengthening and positioning). I couldn't justify spending upwards of $150 to go for a carbon composite model; mine is aluminum construction with a tough enamel/hammered-paint coating. It extends to a little over 5 ft. fully telescoped. It came with a detachable carrying strap, and it also came with a non-bulky padded bag with shoulder strap. The mounting head that I got is great; it has a quick and easy pivoting head that allows for a wide array of available angles for the camera to be positioned from. Also, it comes with a quick-release mounting plate that stays screwed in to the camera that allows me to easily go from hand-held to tripod shooting with just the release of one lever--no need to thread and re-thread over and over again.
In all honesty, though, I use the tripod rarely since most of the shooting that I do is usually not on dedicated photography trips and I don't really want to carry one around with me all the time. I bought a miniature tripod for $18 from the same place that fits in my back pocket, weighs nothing, has amazingly solid pieces and components, and has a pivoting-ball mount that allows for the same flexibility that my $50 mounting head allows for. An amazing piece of equipment that now I absolutely couldn't do without (before I was stuffing matchbooks under a camera precariously placed on fire hydrants, street lamp utility boxes, etc.), and the price can't be beat.
With this I don't have to worry about collapsing/telescoping over and over again when I move to new locales, and it's invaluable for CTA stations where tripods are outlawed because it's very inconspicuous. The best $18 I have ever spent. Seriously.