Around this time last year, Monoprice quietly unveiled a small, $200 3D printer. At the time, a fully functioning printer at this price point wasn’t unheard of. A good 3D printer at this price point was. It turned out this printer was actually fantastic and completely changed the value proposition of desktop 3D printers.

In the year since the release of the MP Select Mini printer, Monoprice has been hard at work bringing costs down, reworking designs, and creating an even less expensive printer. Now, it’s out. It’s available for pre-order on Indiegogo right now. Is this still a $150 printer? Not quite: the ‘early bird’ price is $159 with free shipping and August delivery, and a regular price of $169 plus $10 shipping with September or October delivery. There’s also a bundle for $279 that includes the printer, 2kg of filament, and a software package.

The first time we saw this tiny printer was way back in January at CES. It looked to be an extremely capable printer; the only question was if Monoprice could produce it and get it out the door. This would be a tall order; this printer comes with NEMA 17 stepper motors, a heated bed, a 32-bit controller board, and has WiFi enabled.

Here’s what we know about the capabilities of this printer. It’s a fairly standard delta printer with Bowden extruder and a heated bed. PLA and ABS is supported. The printer has auto bed leveling that measures the bed by ‘tapping’ the nozzle against the bed in about a dozen places before printing. From what we saw at CES, the hot end appears similar to the first revision of the $200 MP Select Mini — possibly opening up the door to E3D hot end installations.

Is this printer worth it? Every 3D printer released on a crowdfunding platform should come with the standard warnings, but Monoprice says this machine is in production right now. This raises the question: why release it on Indiegogo when Monoprice already has the whole ‘taking orders for products online’ thing in the bag? I suspect this crowdfunding campaign is just building a buffer; a year ago, the MP Select Mini was perpetually out of stock, and demand far outstripped supply. The same thing will happen with a 3D printer that’s even deeper into impulse buy territory.

In any event, the printer we’ve all been waiting for has been ‘released’, for varying values of ‘released’. The first units will start making their way onto desktops this summer, and we’re going to pick one up and put it through its paces. You can check out Monoprice’s video of this printer below.