It is the cheapest 8 preamp mixer you can buy, so it has some limitations, but for me it's still quite good. I've been using it with a few bands during rehearsals and small gigs for couple of months and it does it's job.
It has 3-point EQ for mic's channels and 2-point for stereo channels and, at this price range, it works really ok. Pullers work fine, case seems solid, preamps are OK.
It doesn't have build in effect processor, but with this price it's hardly a flaw. The only downside for me is, that Phantom power can be only switched on on all channels or on none- it would be very nice, if you could switch it on separately for each line- or at least be splitted 4/4- like it is on many other cheap mixers.
Generally speaking it is quite good mixer for rehearsals or jigs when you dont put many mics on drums. I really like it, and I don't plan to swap it for another.