one point not covered - one of hte major reasons green is expensive and red is not is supply and demand - Red is used in all major optical drives for computers, CD players, DVD players, etc, so there was a massive need so they created a cheeper manufacturing process (you can acctually canibalize a DVD-burner to build a fairly high-powered handheld laser!). Likewise, when/if BluRay becomes a standard feature in the marketplace, the price on blue (purple) diodes will fall like a rock. (while many blue lasers rely on the same crystals mentioned above, blueray has a way to create a bare, blue, diode, just like the reds, but right now it's very expensive because the demand is so low)
However, green has no commercial value outside of laser shows and hobiests.
Also, re: dealextreme, Pusdo's review also mentioned that he carried the laser around for ~1 week, with light use and no major jaring, and it was already out of alignment or damaged. I, for one, am waiting on further reviews befpre taking the plunge. However, that aside, is the 200mw for $120 puts out anywhere near the rated ammount of laserlight (even if it's 150mw) it's a steal!