Sorry, but 1024x600 is a terrible resolution. The small screen may be acceptable at this price, but the resolution is not. 1GB of RAM and the MTK CPU also make for a painful experience. So it does suck, even now, and certainly even more so next year.
That being said you can get some decent tablets for $100. But somehow everybody is already on the internet, and these cheap tablets have not caused any of the predicted revolutions.