This is a great bike for such a low price. It was delivered within three days (tracked online)and although it requires a small amount of straightforward assembly, the tools are included, and it only amounts to tightening twelve or so nuts+bolts/ screws.
It is surprisingly solidly constructed, and feels quite expensive, apart from the seat which is just awful- get a cushion or padded shorts.
The computer is pretty good, and gives you info on: pulse, speed, calories burnt, distance covered and time spent cycling. While much of this information is fairly arbitrary (calories burned do seem suspiciously high), it does allow you to track your progress day by day, and also to ensure that your routine is useful (the heart-rate monitor especially).
I paid £90ish for this piece of equipment and am extremely happy with it. However much I would like to, I will go running only rarely in midwinter, and the bike has allowed me to get about three hours of exercise a week without having to punish myself (apart from the seat of course). While the resistance is not massive, it is easily enough to allow me raise my heart rate to 60%-70% of its maximum without having to pedal madly, although the bike is solid enough to allow me to do this too if necessary.
It folds up as much as can be expected, and occupies a space of no more than 50cm x 50cm x 125cm in the corner of the room when not in use. It's pretty heavy, but can be moved from room to room at a push.
I'm 36, male, with two kids and a busy life, and am about forty pounds above my ideal weight. This bike cost next to nothing, and allows me to exercise regularly, in the comfort of my own home, whenever I have a free 30 minutes. I've lost about six pounds in the two weeks since it arrived. Obviously I can't speak for the longevity of the bike (or my enthusiasm), but at the moment it's a great buy.