Seems OK so far. V-brakes are cheap & nasty, but effective enough. Rim join on the front wheel a bit rough, but that'll wear in.
Seatpost needs some serious swinging on the QR to stop it slipping (good thing I have a gorilla-like approach to torque in the workshop).
Pedals don't fold up, I'll give it a while, and if I think the bike's worth it I'll probably get some cheap folding ones.
The saddle supplied was going absolutely nowhere near my @rse, I've put a Flite copy on out of my spares box. Grips'll want changing too.
Overall, I'd say that if you're competent doing your own assembly/maintenance, and you're not expecting anything fantastic in terms of performance than it's a good bet (crosses fingers and hopes it doesn't collapse on the way home).