You'll be hard pressed to find a preamp with phono stage and three inputs this cheap. Replace the wall wart with a cheapo Pyramid regulated power supply and this thing elevates to another level. Actually there's even a cheaper version of this preamp on the bay which is the same except for the name. I think I paid around $45 for mine.

http://www.tnt-audio.com/ampli/t-preamp_e.html