Hi Steveo, welcome to the forum.
It's fairly small for a reflector, and is probably on a wobbly tripod mount, but will hopefully be enough to get you hooked on the hobby and want to upgrade to something bigger and better in the near future.
You could get a very nice upgrade to an 8" dob for about $400.
Collimation will be key on that telescope.. also unfortunately you're probably stuck with pretty ordinary eyepieces which will make the view much worse than is possible.
Make sure you ask plenty of questions, and if you get interested, make sure you attend a public viewing night of an astro-society near you, and/or come to
IISAC2007 in a couple of weeks, where you'll see HEAPS of great telescopes under dark skies.