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A very decent purchase, especially for its price! My major reason for opting this was the lower liklihood of wear-and-tear materials in the magnetic resistance mechanism compared to more traditional methods of break pads while retaining the capability of varying resistance). The quality of materials is good, and the ergonomics are fine. the resistance levels are fine, though personally I would have been happier to have even more resistance options. the product was compactly packed, and I personally had no difficulty assembling it (all the necessary tools are provided along with the bike). Don't read too much into the heart rate, distance, calorie, etc readings; you could still use them to challenge your previous performance. The only con for me: Made in China; that's why you probably get it cheap!
For me, the best way to cycle is still outdoors- provided you have good quality safe roads and low pollution. However, if you like indoors and/or it is raining outide, this is a great purchase!