Actually, I think it would make a great starter plane for 4 channels. It's as tough as an African warthog. Easy to repair and CHEAP. Cut the throws down and it's a *****cat. I have seen it fly, I have one and I fly it a lot! It's NOT a pattern plane or a 3D plane but it is a heck of a lot of fun! And again....it's CHEAP and all in one box. You can upgrade the motor and battery very cheaply from United Hobby.
www.unitedhobbies.com All in all, a heck of a good deal for the money. Probably one of the best deals going right now.
http://www.bphobbies.com/view.asp?id=V815101 has it for 99 bucks. Can't beat it.