Stay away from the first pair - incredibly overpriced for what you're getting, as others have mentioned.
I'd spend a little less and go for a similarly styled Hugo Boss - still not great, but you're not getting gouged.
Unless you're really into that European look, check out Alden's cordovan line.
In my experience, the quality is very, very poor. What's worse, it's incredibly overpriced.
The only time I'll get something from Theory is if I know it's a staple that I need right away and I don't have too many other immediate options. I'm not a fan of Club Monaco, but it's a similar aesthetic, and I much rather shop there!