There are millions of people that have that saw or one like it, just painted a different color or slightly different. There is a Yahoo users group dedicated to hot rodding them, modifying them to make them better or keeping them in tune. I bought a grizzly that is a bit bigger and its head swivels to cut angles, but they are all made in China, and mine was $500 bucks. I think the saw will do what you want to do. The stock blades on these chinese saws are not very good, but you can put a good blade on it after you get done playing with the junker blade that comes with it.
You probably ought to place your order..