Gally,
Take a close look at that bike or all of them for that matter - they all suck - however, like the reef hobby, what's the purpose of the bike? to and from work? recreational riding with the lady, light duty off road?
Each has it's price point - if you're going to shoot down shore road with the lady, you should get the one for $299 or get a Giant or Mongoose in Toysrus
As soon as you decide you want to hit the trailhead, you'll need to upgrade
I spend 7 yrs racing and organized a nationally competitive road and MTB TEAM of 35 guys and gals sponsored by TREK, GIRO, DESCENTE and OAKLEY and can speak to anything in the bike industry inside and out.
Let me know what you're looking to do
House
House