Pirate3D is launching their super-inexpensive 3D printer today through Kickstarter. The startup company's first product, the Buccaneer, is a filament extrusion machine they bill as the "world's most affordable 3D printer".
The list price of the Buc' will be USD$347, but a "very limited number" of them will be available for only USD$247, which has to be the absolute lowest price for an assembled 3D printer we've ever seen. To be clear, this launch is only for pre-orders, as they're expecting production to begin later this year.
This video shows the operation and a little bit of the Buccaneer. Unfortunately the video does not show their unique spooling mechanism. From what we can tell, the Buccaneer appears to be a basic plastic extrusion machine - exactly what you'd expect at this low price point.