For my money, the OB-128 is one of the nicest looking, quality cues, that can be had new for < $500, out there.
It doesn't have points, inlays, etc... but it's really pretty wood (maple and bocote) and comes with your choice of OB shaft. I've been playing the OB-1 shaft for a couple years and am in love with it. They really do make some of the best low deflection shafts available.
Here is the link to the cue's description on their website:
http://www.obcues.com/products/OB%2d128-Pool-Cue-Bocote-and-Birdseye,-No-Wrap.html
MSRP is $495, but I've seen it at a few different online retailers in the $420 range.
Good Luck!