This is the base 70-300mm model in the Nikkor range, around $140 USD (Autumn 2008). The two steps up are the ED version and the AF-S VR version.
Here are some quick samples of pics i took at a recent outing on a dark, overcast, Washington day.
All of these are with a Nikon D80...
Focal length: 220mm
Aperture: f/5.0
Shutter Speed: 1/100 sec
Sensitivity: 800 ISO
Focal length: 240mm
Aperture: f/5.3
Shutter Speed: 1/320 sec
Sensitivity: 800 ISO
Focal length: 85mm
Aperture: f/4.2
Shutter Speed: 1/160 sec
Sensitivity: 500 ISO
Focal length: 70mm
Aperture: f/5.0
Shutter Speed: 1/400 sec
Sensitivity: 800 ISO