I love spinning and find it to be a fantastic workout. If you end up getting a bike google "spinning workouts" and you'll find some suggestions for workouts you can do on your bike (ie: peddling full speed for 30 seconds, recovering for a minute, repeat or increasing resistance at different times) those will help you get the most out of your workouts.
Another thing to consider: I looked into getting a spin bike but in the end opted to get a road bike and bike trainer. The trainer I bought on Craig's list for $25 (regular $300!) It allows me to put my outdoor bike onto the trainer in my living room and ride it like a spinning bike. Then when I feel like going for a bike ride I take my bike off and head outside.
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