As far as blade grinders go, you won't be dissapointed.
Positive Product Points
If you're looking for an inexpensive blade grinder, look no further. As expected, it can't compete with a burr grinder, but can be used for herbs, spices, and other dry items.
Negative Product Points
It's very hard to control the level of grind. You can go from press pot to drip in a few quick seconds. It's not impossible, but difficult to use this as an espresso grinder.
As mentioned above, if you want an inexpensive chopper, don't hesitate to purchase this one. I've owned a few other blade grinders in the past few years, and I'm very impressed with the speed and consistency of this grinder in comparison to other models I've owned. It was also recommended to gently rock the grinder, as if shaking a martini. I've found this to work rather well, resulting in a more consistent grind (more important for coffee grinding than spices). I also don't use this grinder for my vacuum pot, only for my drip pot and press pot. I've found that my vacpot is more likely to stall when using this grinder, over a stardard burr grinder.
As with most department stores, if you're not in a hurry, wait until the items go on sale. Macy's tends to rotate the house wares sections every 4-6 weeks. Just be patient.