Saw this in my local store, opened the box, look solid. Only down side is the hose size 1-/1/4 but the connectors are actually 2.5. It is very portable and if the HP spec are good representation of suction value - it's got more than what you usually find (2.5HP) in compact shop vacs.
It's definitely the best deal compact choice I've seen. Item # is 710044, $29.99 regular - $5 off expires 12/17/17
On a side note, as a public announcement, I noticed yesterday that Costco no longer charges me sales tax on the pre-discounted price. I asked them at the service desk and they said they've just changed that in the end of October.