It would be fine for a newbie racer. I raced my 2008 Jake for two seasons, and it's as heavy as this one.

The triple crankset isn't ideal for racing, and the stock wheels are a bit heavy for that, but they won't keep you from enjoying the experience. The stock tires aren't good for most CX race conditions. That's one thing I would change before trying anything other than a mostly grass and hard-pack course.