So the actual model no. EGM002.
First impression: Solid build, possibly TN screen (awful viewing angle), no Play Store but has 1mobile market.
After playing 2.5 hours with it, overall impression, no too bad. Fast enough for Facebook, YouTube, Skype, Angry Birds, Pandora
Battery dropped from 72% to 17% in 2h35m with wifi. I would say it would be fine for 4-5hours.
Plus Netflix works too, although it is a little slow to start. From the 1Mobile Market.
$40 seems even more like a no brainer after playing with this tablet for a couple of hours.
PS. Try Opera Mini web browser if you haven't already.. It works great on this tablet.