Full disclosure I don't have one of these and I typically go the DIY route of build up a quad from parts where the cost ends up higher but I get to choose what goes where and how it all connects. The type of flying I like to do is more in the style of "acrobatic" or "racing" rather than a stable camera in the sky which is more of what the GPS controlled quadcopters are typically geared for.
Regarding this model some good things:
1. Brushless motors, if you have brushed motors and or brushed motors+gearing the gears or brushed motors will die pretty quickly (lots of mechanical wear). Brushless motors will only die when the bearing that holds the shaft gets destroyed/worn down or the bell that holds the magnets around the stator gets smashed/bent and/or a magnet comes loose. Essentially thumbs_up for durability of motors here.
2. Everything ready to go (kit) simple to get setup especially when compared with DIY (learning betaflight configurator etc. etc.)
Some bad things:
1. Plastic frame is very likely to crack in a crash
2. Features are overblown for the price, the follow me feature likely doesn't work nor the gestures
3. Wouldn't expect the "4k camera" to produce a good 4k image but it is probably like a good 1080p camera which is still passable
4. Phone compatibility for getting the feed may be an issue if the phone doesn't have 5G/802.11AC wifi
5. Using an app means app support which doesn't usually last long for cheaper products, they didn't bake the price into paying developers to keep the app updated into the cost of the product and so support is likely to be limited.
All this said it looks like a pretty decent deal I just would temper hopes of capabilities and actual flight characteristics, there's going to be a bit of you get what you pay for in this budget for all the gear needed to fly.
For comparison my quad itself is around $300 (a comparable off the shelf one is available from iFlight for $200, the iFlight Cidora, I use their frame but emax motors and some other FC etc.). The transmitter is around $120 (Jumper T16, though would suggest checkout radiomaster or T18 today), and goggles were around $600-700 (HDOs plus diversity receiver, or DJI digital is discounted to around the same price now). The advantage is I can fly a bit further out in terms of radio range and if/when I break things replacing a component is generally $20-40 plus some of my time to fix vs replace the whole thing for most people who buy an "off the shelf" product.