Mmm ... not really. (Having spent hundreds, and then more hundreds.)
Recommended reading:
http://www.bythom.com/support.htm
http://reallyrightstuff.com/tripods/index.html
Both those will depress you with respect to what you get for how much money.
After reading that, think about what you're prepared to spend, where you plan to take your tripod (planes? hiking? always near a vehicle?), resolve what you're prepared to pay, and start looking around.
My initial choices (bought in a store, so I could try them out) were an aluminium Gitzo and the Acratech Ultimate ballhead, but that was/is entry level in many people's estimations ... and still cost hundreds.
FYI Be careful about local prices; at least compare reputable online sources like
B&H and
Adorama. For RRS (Really Right Stuff) mail order directly is the way to go; their service is excellent.
With the recent currency movements all my pricing information is out of date, but when I last bought it was a lot cheaper to buy from the USA, pay shipping, customs clearance (when applicable) and GST than to buy locally.
A friend of mine has a lightweight cheap tripod that he's happy with. Me, I'd go nuts trying to use it, and I don't believe it holds his equipment steady anyway. This is one time where "do it right, or don't bother" applies, IMHO of course ...