You know Tommy, at first I thought you were posting a pic of another one of those butt ugly junk things, but that thing doesn't look bad. I didn't see the 700 version; only the 300 version. The price sure was competitive and looked like a better deal than other stuff I've seen in that price range.
A lot of people will likely dismiss it as a cheap Chinese made unit. However, even though China most certainly builds some inferior cheap junk, they can also produce some relatively high quality stuff. Think Bose speakers and DeWalt power tools. I have some very high line items from those companies and right on the label it says "Made in China".