That's pretty much covers it.
And at the time (a couple years ago) it was around £25. Think they are around £30 now. The TS-100 that the unit is cloned from was around £60.
It won't suit everyone, but for simple soldering (like XT60s or Deans), anything Airsoft related (e.g. rewiring a gun), building a small RC Plane/FPV drone, or small general electronics projects, it's a good little unit and about a million times better than the Weller 'dumb' soldering iron I was using before (slight exaggeration but you get the idea).
It heats to whatever working temperature you set in just a few seconds and has an accelerometer built in to detect if you are using it, so powers itself down after a set time of non-use (you can specify in the options) until you pick it back up again.
It needs a seperate power source (a big LiPo can be used, but I use a ToolkitRC power supply) so that's something to consider.
At the end of the day it won't replace a decent soldering station as it's still only a 65W Iron.