Sure. (Though, they've occasionally been on sale between $189-219, through a few vendors, for the last few years.)
I've considered getting one as well, just to round out my .327s to trio.
(I like it, but don't think I'll ever get the .327 SP101. I don't like the S&W, and I can't justify the cost of the USFA Sparrowhawk.)
Just keep in mind that as soon as you drop below a 3" barrel, the cartridge gets neutered. With the 2" barrel on the Taurus, you'd be better off shooting .32 H&R loads, than .327 loads. It would still be something handy to keep around (if proven to be reliable), but the 2" barrel robs a lot of velocity from .327 loads.
Now... if it happens to be the much less common 3" version, it would be much more useful.