It's a pretty good unit. Same class as the Corsair HX1000 really. Slightly outdated by today's standards, but still a very reliable unit capable of pushing three or four GF110s without too much issue.
Price? No one's going to buy anything with with the Coolmax name on it for more than $50, regardless of how good it is.
EDIT: There's a chance it may be overrated, Jonny only tested the 1350W up to 1050W, since his test bench wasn't capable of more at the time. So your 1200W may only be a 1000-1100W. Maybe. We don't know. But it's still a solid unit.