I think Craftsman has a good one for about $70.00 or so. Yes, You set the torque, and it will cklick when it is achieved.
X2 I have the 1/2" drive Craftsman that I will assume you are talking about, and it works great.
I also have a 3/8" drive Snap-On that I reserve for the important stuff like engine work, etc.
The Snap-On is obviously of far superior in quality, but will cost you a pretty penny, and is not necessary for most work.