Hi IdanzOr,
I have one (mine's a B&L Advanced Titanium, but it's exactly the same tripod), and though it no longer gets much use since I usually need something taller and more stable with heavier lenses, I still keep it around for situations when I need something more compact and a lot lighter.
It's constructed pretty well, and has stood up very well to being bounced around in my trunk for 6 years as a backup/alternative.
If the height and features meet your needs, I'd say that it's a reasonable place to start, but, of course, you could do better (but that's almost always true, unless you just go for broke and get a Gitzo. . .) BTW, I didn't like the heads that they usually bundle it with -- just get the legs and pop for a really good ballhead.
Scott
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