Amazon has the Schwinn 220 Recumbent Exercise Bike for $299 - $45 off with coupon code SCHWIMOM = $254 with free shipping. Features 16 resistance levels, 13.2lb flywheel, 12 workout programs, heart rate monitor, and ergonomic pedal design.
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I own it, nice bike. Very convenient to watch TV or play video games while you're .. at least not only sitting there watching TV or playing video games.
It has a nice smooth ride, with insane resistance levels on the upper end. The lower end has no resistance at all.. so .. yeah.. it works.