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Or check out the Tascam. It let's you play with headphones alongwith CDs.
I had an Acoustic B15. It's cheap, but I never liked the tone.

The best cheap rig I can think of is GKMB200 + GK NEOII 1x12 or 2x10. You expand the cabinet later and add power if you need. It is more that what you posted, but if you can afford just a little extra, it'll go a long way.
This is a great deal, and this a much better compromise than the low powered practice amps, IMHO.Get thee hence to a Guitar Center for the Deal of the Century! http://www.talkbass.com/threads/lets-get-ready-to-rumble.1079155/![]()
Loving a lot of these suggestions, I am thinking I perhaps need to really scout the used market. I would love a Fender Rumble as I am not looking to ever really gig and it would really only ever be used for in my room by myself. When I jam it's just with my brother and 2-4 friends i've known since grade school. It's very casual and the need for this purchase to ever "gig" is nonexistent. The idea of a 25-50W amp though used under 100 would be ideal. Is there a gem of a brand perhaps that I should consider for value/quality ratio being reasonable for person of a more modest budget.
I do see though a small 10W amp on craigs list used for 20 bucks a town over, perhaps I purchase that as a little hold me over so I can watch and make the right purchase without the feeling of a rush. I really dislike the iRig as it's just literally all guitar effects and amps on garageband it seems.