That's TWICE the price of office 2008. That came with Entourage==Outlook for about £90. Now it doesn't.
To top that, there's sod all benefit for upgrading. Office 2008 works just fine and 2011 provides very little in the way of substance. It ain't werf it at half (I.e. a quarter) of that price.
Spinning lying money grabbing bastards.