Yes your battery is completely fine. Actually, better than fine by the looks of it. Out of interest, what laptop do you have with that small mah battery? A Macbook Air?
Is that bad? Coconut says my MacBook is 2 months old and I have 10 loadcycles. I do worry I will get to 300 quickly and my warranty will be up. I have only had my computer since May 19th.
I did calibrate when I first received it. My battery just seems to drain really fast. Like right now I am 82% full and it says I have 2 hrs. 37 sec. of battery time left. I am connected to AirPort and also have my iPod Touch connected to charge and sync some new downloads. I turned off bluetooth because I read that drains the battery faster.
I think you should use your battery as normal and just accept that batteries eventually die. If you calibrate it once a week or so it will maximize the lifetime.