Good deal. You'll probably like Vonage a lot. I've just left them after 6 years because I found Ooma. Vonage's service offerings aren't bad. They have a habit of raising prices without increasing service offerings, though. That's why I've chosen to leave. My #1 request for them was to have a blacklist/call block. They only offer and will only ever offer "Anonymous Call Block" which isn't good enough, IMO.
So I paid $200 for the Ooma Telo, $120 for 1 year of their Premier service and am porting 1 of my 2 Vonage numbers to Ooma. They also have a nominal $3.67/month taxes/fees charge that I pay on a monthly basis.
Total cost: 200 (Telo) + 120 (Premier service) + 44.04 (taxes/fees) = $364.04. Divide that into 12 months = $30.34/month. I was paying $60 for 1 voice, 1 fax and 1 "virtual" number, plus taxes with Vonage. The second year's costs will be:
120 (Premier service) + 44.04 (taxes/fees) = $164.04. On a monthly basis that will break down to $13.67
Within 2 years, I will have more than recovered the initial investment costs.
NOTE: I am not trying to "sell" you on this -- just sharing my logic that led me to this move. I do not hate Vonage and wish them well.