That's an excellent deal and I would recommend that you buy one.
It's the standard Create/Mango bike.
I have one and I do 20km RT daily on it (13 miles or so).
I should hit 2000 km (1300 miles) on it this week, with only a tire change.
I get lots of complements and beside the tires, it's been OK.
Here is a link to my usage of it ...
http://www.bikeforums.net/commuting/...term-test.html