That doesn't look too bad. The specs look surprisingly good for that price. I'd be interested in hearing about what you think of it after you've used it for awhile.
It looks like something I'd be willing to try if I didn't already have a Nexus 7. Nexus 7 is kind of in an odd balance. In one sense, you may say that it's a great balance of price and specs, and for the most part I would agree. But sometimes it can get kind of sluggish, and it feels like it's expensive enough to put a dent in your wallet yet not powerful enough to be comfortable. Especially with web-browsing, which, and this kind of surprised me, is what I use it for the most. (Well, that and Minesweeper.) I waver among web browsers because none of them are really fast enough for the 7's modest specs. I've come to think that Firefox for Android actually has the smoothest experience, but not always. It definitely has the best interface, too.
That being said, I've been very happy with it. I also got it primarily for reading. So far the only complete book I've read on it was Flatland (in pdf format) because most of the books I've been reading lately have been hardcopy (I hate DRM so I avoid Kindle books), but I also typically do my daily Bible reading on it, too. I've gotten a whole lot of use out of it overall. Sometime in the near future I intend to read
Raised, which I found on Monergism.com, and sometime in the slightly more distant future I intend to read Hodge's commentary on Romans, which I can only find digitally on archive.org. (The epub version of it is pretty badly OCRed, so I'll have to go with the pdf.)
I'm pretty picky about my software. I don't know of any Android pdf reader that's particularly fast with images, but I use ezPDF Reader Lite for pdf files. It's not free, but I really like it. It has a pretty good interface, and it saves your place when you exit (a surprising amount of pdf readers don't do that). My preferred format, though, is epub, or failing that, .txt or an html file, all of which I can read with Cool Reader. I also use "Fast Reboot," which doesn't literally reboot anything but clears up a lot of memory. It can be pretty handy sometimes.
Sorry for the overly-long post.

I do that sometimes.