Are you talking about a real pram or a travel style pushchair?.
I got a travel system for my boy, the car seat attached to the buggy which made things alot easier.
That does seem like a lot of cash in my mind though Wes, you can get a decent travel system for half that, leaving the rest to spend on clothes and such.
Another thing to consider is what age what ever you choose caters for, I have friends who spent that kind of money and the kid grew of out of it in just over a year.
The one I got for the boy was a shade under 295 and lasted for two years.