Walmart has the Exerpeutic Aero Air Elliptical for $99 with free site-to-store shipping or $5 to home. Features LCD screen displays distance, calories burned, elapsed time, and speed. Maximum weight capacity is 260 lbs. Normally $110+ elsewhere.
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Do yourself a favor and stay away from cheap elliptical machines. Bite the bullet and buy a decent name brand machine that costs $700+...you won't be sorry.
#1 Sounds like you have experience with or knowledge of the cheap ones. What kinds of problems do they have and why would be sorry? (I'm asking sincerely, as I was considering this before I read your comment.) Thanks!
EDIT: Never mind, I read the 1-star reviews on the site. I'll be avoiding this due to various breakages reported by others.
#2: Looks like the one-star review tipped you off, but from personal experience (my sister-in-law had a cheapo one, from Wal-Mart I believe; my wife sprung for a Reebok RL1500 on sale for about $800), the cheaper ones tend to have a tiny stride length and wobble non-stop when using them. Our Reebok beast weighs a good three times as much and has a long stride (20", I believe). It's solid and except for the little electric fans crapping out on it, I've been satisfied over the 6 years we've had it. My sister-in-law's elliptical hit the dumpster about 18 months after purchasing it (after she used it maybe 20 times).
Try sole: http://www.soletreadmills.com/ellipticals.html
Have an elliptical and a treadmill and am very happy with both.
Folks, all these exercise machines eventually end up as clothes drying racks. The air ellipticals have the added advantage of a fan blade to dry your clothes if you actually exercise.