You get what you pay for, but we get what we can afford! I have a friend that used her Epson flatbed scanner to scan her slides and negs and was extremely happy with it. They are on par with the less expensive ($100 range) film scanners. If your intent is to share your images on the web or print no larger than 8x10, it's a good choice.
I use a 4800 dpi Minolta Dimage Multi-Pro film scanner using VueScan as the interface software. Nikon made a similar model years ago and Plustek makes the equivalent today for about $2K. There are much cheaper film scanners if you don't need to scan 120 film. Essentially the difference other than dpi is the bit depth of the scan. Also having dust and scratch removal filters (software) can be very helpful. Note: Higher res film scanners are generally much slower than flatbed scanners using adapters.
What works best for me:
B&W: Develop it myself, scan it myself. (I use both a darkroom and Lightroom. If you don't do a side-by-side comparison, the inkjet print looks excellent. But if I do an identical image with gelatin silver, it is perceivably better.)
Ilford XP2/Kodak BW, or any C41 color neg: Pay lab to develop, and low res scan to CD or dropbox. Then after reviewing the roll, I'll high res scan it myself.
Fujichrome Velvia: Pay lab to develop, use a good loupe* and light table to review, then high res scan myself.
*Tangent alert: Of all the awesome stuff at B&H, I was enamored by their loupe/magnifier display case. Although others will have their favorite objectives, my best loupe is a Pentax that I think has been discontinued. A real gem compared to my other loupes:
Pentax 5.5x Loupe 60051 B&H Photo Video
To answer your question: Yes, if the price is right for you, the Epson is an excellent and practical scanner.