RE: Did I buy a complete piece of crap?
Here's what alway gets me about threads like this. (This "inferior-bow" complex is common.)
There are plenty of guys out there who kill multiple deer every year with a wooden bow they made themselves. So saying a non- Mathews/Hoyt/Bowtech bow isn't up-to-snuff is absurd. Secondly, nobody needs a 320fps arrow shot from a "smooth" bow. That's just icing on the cake. (A lot of times it's very expensive icing!) I think a guy who really knows his parker/martin/bear/etc. and knows some of the basics about tuning and shooting form can out-shoot a shooter with a $1200 rig and the same amount of skill any day of the week.
Don't buy into "more is better" and learn how to set YOUR bow up for YOU...and you'll be leaps ahead with money in your pocket.