This is a decent product for the price. The extendable legs are firm yet easy to extend, and the small size and weight means it's easy to pop this into a bag along with your camera. It's clearly not designed for large cameras, so only consider this if you plan to use it with a compact.
The tilting head locks into the camera securely and has a good range of movement, but it isn't particularly secure once it's locked into place - it's not difficult to knock it out of position accidentally (annoying when you're trying to shoot a stop-motion video!).
All in all, this is a decent buy if all you want is a cheap, highly-portable mini tripod for a compact camera. I wouldn't recommend it for larger cameras, and you should be aware that the locking mechanism isn't the best in the world.