The personal/academic price is much lower (currently $48). Lastly, don't let the price scare you away! There price listed here is for the professional commercial license. Like many specialized tools, oXygen's many views and palettes let you customize your UI to expose only what you need to get your job done. While Java-based and thus visually non-Mac in UI, the developers are listening to the requests of mac users in their forums. Its built-in ability to browse and query native XML databases (such as eXist and Mark Logic), SQL databases, and SVN repositories make it a tool for the power user. It's also an excellent XHTML, CSS, and plain text editor.
oXygen natively understands (and learns) XML structures, so you'll notice it suggesting element and attribute values as you edit. If you work with TEI, DocBook, or DITA, oXygen ships with up-to-date versions of these schemas and templates. This is a fantastic and essential editor for anyone working with XML and its related technologies (XSLT, XQuery, XML Schemas, RelaxNG, DTD).