I guess the question is, what do you want to use it for? The general rule with sample rate is that you want at least 10x oversampling for whatever signal you'll be measuring - which is well balanced for this scope, with its max bandwidth of 250kHz. You won't be measuring any uC clocks or looking at rise/fall times nor edges of digital signals with that, but maybe for analog/audio stuff or basic serial and similar signals it'd be fine. The 4K memory depth may also be inconvenient, as it'll limit how much of the signal you can look at per capture.
Like I say though, it depends on your uses. Pretty much every one of those issues would make it a no-go for me, but if all you want to look at is what your DAC on an Arduino is, or the PWM controlling an LED, it'd be fine.
-Richard