After having the radio for only one hour I agree with you 100%. Maybe $119.95 would be a good price to pay for a new radio. I prefer to have rotating knobs in lieu of push-in buttons. My opinion is that the only use for the adjustable RF Power feature is if you plan to connect to a linear amplifier, and the bar graph is difficult to see and adjust if the radio is in a vehicle.
The radio transmitted and received with no negative issues, but it's not for me.
I agree, it's not what I would prefer. We have a 2nd car that I'll put this in. It's a perfect fit for what little room there is. Too bad it isn't the EU model - that one pretty much covers the range of frequencies anyone might want to use.