Pipeline depth doesnt directly dictate speed, but more typically frequency potential. Things like branch prediction and so on are more relevant to speed than pipeline length, especially with a larger pipe. Also there was 4 different architectures for the p4, not all had the same length pipeline. JUdging by the frequency though it's probably either northwood or williamette.
As for the price, I guess if it includes a monitor and other bits n bobs 200 isnt too unreasonable. Personally I wouldnt pay it, but for some people I guess a ready to use system is worth a little extra money. When I said $100 to begin with I was thinking more along the lines of just the box + core components.