They are cool in their own way.
Varsities/Continentals have their own, solid, feel that I loved back in the day.
90 bucks is barely a drop in the bucket nowadays.
If you want an around the town bike (with built-in kickstand) you can't go wrong.
One thing to remember is that this model looks to be about 50 years old.
You might need to do some maintenance.
The bike is easy to work on and parts are relatively inexpensive.