Gmc Denali - good bike on a 200 budget?
"As it slowly died, and i bent the rear axle (Don't ask me how, i don't ride it hard) i debated buying a new bike"

Hmmm… If the bent axle is the only major problem the bike has (by "it slowly died" I take you to mean that it was developing other less-serious problems too), if I were you I would do an overhaul and continue with the hybrid.

I don't know if you have the knowledge/experience it would take to do such an overhaul, but if you were willing to put up $200 in quality components and elbow grease, you could probably turn your hybrid into something that's significantly better than any new $200 bike.

If you decide to purchase a bicycle, definitely buy used. Don't get the Denali. A used $200 road bike will last longer.