That one's only got 512MB ram, I would recommend getting one with 1GB.
You also need to be aware that some cheap android tablets, although they have access to Google Play, aren't authorised by Google and the licencing system doesn't work. Not a problem if you only use free apps, but a lot of paid apps won't work.
I had a cheap
Android tablet, which I thought was pretty good for the money, once I'd installed a better version of Android. Apart from the licence problem mentioned above.
I broke the screen on that though, and that coincided with the big price reduction on the
Blackberry Playbook (£129 for the 64GB version, £109 for 16GB), so I bought one of those.
In terms of build quality, speed, screen, battery life, user friendliness etc it's superb. The browser has coped easily with every site I've tried (it runs LCFC Player better than my laptop does). It has nowhere near as many apps available as you can get for Android though (although some Android apps will run on it), and many of the apps are more expensive than the Android equivalent. If you're not bothered about obscure apps and are mainly interested in web browsing and multimedia I don't think you can beat it for the price.