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I am not sure if this a good deal or not, I am new to riding and just wanted an entry level bike to start out with. I bought a Kona Lanai for 125.00 here is what came on it:

FRAME MATERIAL 6061 Butted Aluminum
FORKS Rock Shox Judy XC Air, FRONT DERAILLEUR Shimano SIS, REAR DERAILLEUR Shimano Altus, SHIFT STYLE SRAM Grip Shifters, CRANKSET Apex Sunrace 170, CHAIN KMC, V-Brakes, STEM Kona, GRIPS/BARWRAP Gary Fisher, Seat Bontrager, RIMS Araya, HUBS Joytech, TIRES (F) Tiandi 2.1"(R) Kenda 2.1".

I figure for this price if it needs some upgrades it is no big deal. Not sure of the year.
 

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Assuming it's in good shape I'd say you did well. Won't win any bling contests but it shouldn't fall apart after riding a few trails. I wouldn't bother with upgrades...save your money and pick up a new hardtail when you're ready to move on.
 
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