I think that's a great round-town hack for the money, if you can persuade someone to avoid those £99 21-speed FS disasters i'm sure this would be far more fun to ride. I really like it.
It's probably no worse a bike than the one i first started off-roading on and i had a lot of fun on that cheap Raleigh, it got me hooked in the first place despite being bought for more general use. If bikes like this do that for others now then it's all good.

