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... It scans, prints in b/w as well as colour, it's postscript compatible, and under 350$.
I got a free Epson CX7400 that can do all that, too.(Actually, Epson paid me $10 for it
)
So yah, as tiraides said, it would help to fill us in on your planned usage.
What do you need the printer to do?
HP makes some of the better laser printers in the market, but the "right" one for you depends on the features that you need it to have.
For example, personally, I wouldn't want anything that doesn't offer an automatic loading tray or built-in duplex printing. But that's not to say that the printer you're considering is a bad choice in general; it's just not what I want. (Then again, what I really want costs a lot more than $350.)
No, the Epson CX7400 doesn't produce laser-printed output (since it's an inkjet) nor would it print a .ps file (since it isn't post-script compatible).