Ok for once I actually know the answer to this one! I owned a baby blue v1 with 125mm travel and then a black v2 with 135mm travel.
It’s ok. I actually rather liked it but sold mine in favour of a SH Prophet frame bc I wanted something with a bit more grrrr. I doubt you will get one for £50 but I may be wrong.
The interrupted seat tube limits your ability to drop the saddle and the 27.2mm seatpost will limit dropper post as well I imagine.
The single pivot suspension is durable but wallows if you want to run it with 30% sag.
It’s not as light as you might expect it to be.
Although the shock position is adjustable you will only ever run it in “FR” mode which gives it a 68 degree head angle IIRC.
The cannondale head tube means you can run pretty much any fork you want. I ran mine with a140mm Lefty.