You could save money and get a better pack by going to Backcountry Gear's website (use the portal on this page.) They're having a sale right now, and they have a ton of really good packs (including Gregory, Granite Gear, Osprey, and Mountainsmith) for under $100.

Another good source, usually, is REI's outlet - go to their regular website, and click on the outlet tab.

This pack would probably work, but you can do a lot better for a lot less money.