Mitch, how long have you been away from fishing? If it's been a while, I think what you will discover is that practically every rod out there today will out perform what was on the market 5 or so years ago. So your concern about making a financial mistake is not that big of a deal. I promise you, you're not going to bring home a $50 rod and think man that was a waste of money.
As others have mentioned, the rod is just half of the 'sensitivity'. Braid or Flourocarbon will do wonders for a middle of the road rod.