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I had a pretty damn good Gary Fisher that cost $850, but then some ******s stole it out of my basement. So I got a used $350 Trek... world of difference (shifting, feel, control, chainslip, etc.)
There are two important things to know about mountain bikes: the components and the frame. The frame determines how the bike feels - geometry, weight, etc. The components are what determine most of the price of the bike and also how long it lasts (with proper maintenance). If you can afford them, go for Shimano Deore components (I think it goes Acera - Alivio - Deore - Deore LX - XT - XTR). My Fisher had Deore/Deore LX components and, man, it was worth it.
For brands: Treks, Giants are on the cheap side, Gary Fishers, Marlins are more expensive, Cannondale is even more expensive, then come Kona, Haro, and other such brands that make bikes that are targeted towards the more professional user (not your everyday Mary-Jane riders)
For $400 you will not have a good fork. If you do 70% pavement 30% offroad, get a hybrid, if you do 30% pavement, 70% offroad, get a mountain bike (and, maybe, smoother tires for pavement rides)
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