Cheap price for a genuine Dremel. This is their entry-level model that has a two-step speed control instead of a variable dial.
It's $49 on their website at the moment, but is listed as $39 in-store on an orange tag which I think means it's nationwide, but I'm not 100% sure on that. The end date on the tag is 3rd of Jan 2016.
It has 4.6 stars on Amazon.