You can get a Panasonic CQ-DP171U MP3 player for under $200 shipped from Ebay.
Ebay link.
It ain't pretty, but it's simple. Panasonic didn't waste money on pretty lights, or even very many features (ID3 tag reading, display of file names longer than 30 characters). It more of a "you wanted an MP3 player, you got an MP3 player" kind of MP3 player. From what I can gather from online reviews, it has decent playback, doesn't skip much, and sounds good. I'd expect it to be more reliable than the lowest JVC MP3 player, but I don't really know for sure, except to say that in general, Panasonic has a very good reputation. I'd like to examine them side by side with their covers off to get an idea of who builds a better deck, but stores tend to discourage this practice pre-purchase. I don't have much experience with either unit beyond trying them out in the stores (yes, I brought in a CD full of MP3s). The Panasonic wins for ease of use, but the JVC is not bad at all. Neither had any problem with my lame VBR MP3s, including seeking and time display.
The
Blaupunkt MP3000 looks like a winner, but people say the display can't be dimmed and it's too bright at night. People also report playback anomalies with non-lame MP3s. If you're planning to play lots of random downloaded MP3s of uncertain origin, this one might not be the ticket.