That sounds about right. It's selling for $720 on Ebay in the US (USD). I'd be careful of cheap Chinese knockoffs and bad keyboards (apparently there is also a version with a crappy Chinese keyboard out there).
If you can wait - I would.
That said - I have a TP2 and a TD2 and they are without a doubt the best WinMo phones ever made (till the next versions come I guess).
Biggest problem at the moment is the lack of decent US 3G support as the current versions only come with 900/2100 HSDPA support.
Unless you need it NOW, I'd wait a few weeks till the US version starts shipping, or till a US operator starts selling them, which will make the price drop pretty quickly.