Seeing everything we just did, all I can say is I am impressed. Cooler Master hit all of the major points that customers are looking for when they are buying a chassis. The front is aesthetically pleasing while staying simple and subdued, and they still offer great ventilation through the front of the N200. The chassis is compact, but still plenty of room for me to stuff in a Micro-ATX motherboard, a larger video card, and a full sized power supply in with little to no issue with any of it. Then of course we move to the options. You can remove the hard drive rack and just use the 2.5" slots behind the motherboard tray for storage in this chassis. That gives you a cleaner look along with offering up room for a radiator and a pump, maybe even a tube reservoir. Even if you want to go to an outside mounted radiator, with the pair of optional holes in the back of the chassis, you could hook up a car radiator to this if you want to. Then of course there are the bumps on the door panels which may not be for everyone, but with such a thin (overall width) chassis, it is the only way to offer real wire management options or leave room for the optional fan.
The construction is good, and with the panels off, there wasn't any worry of the chassis flexing or sagging making things not line up well - everything stays right where it is supposed to. During testing, the pair of fans leaves you with average thermal results, but the passive opening in the top definitely helps in this design. You do have the option to add another fan to the front, the door and CPU cooler allowing you can get a third optional 120mm fan in the top of the chassis. This will definitely boost the thermal performance of this chassis, but it may also increase the stock noise level. Booting the system and allowing the fans on the board to stabilize I took an audio reading. With the Molex adapters in place, the fans were emitting 43dB of noise level. If you have them on a fan controller or your BIOS will allow for 3-pin voltage control, you can lower the noise levels, but you will also raise the temperature as you get quieter.
I'm sure by now you will have to agree that Cooler Master is giving you a lot of features in such a compact design, especially at this price point. At this point it is just a matter on you deciding whether or not to build with Micro-ATX or a Mini-ITX motherboard. Since the chassis is so clean and appealing, I don't think looks will keep you from building in the N200. Being able to stuff in huge video cards, room for internal water cooling, all in a mini-tower is great on its own, but once you add in the fact that this chassis can be had for $49.99 right now, the total package is well worth it.
Personally I would leave the ODD drive out, and with the limited LED light, if you change all the fans this would even be great for an HTPC. Any way you look at it, I know it is going to be real hard to pass on the N200 when looking for your next mini-tower chassis.