Keep in mind that almost all budget laptops, including this one, typically have a 1366x768 display which is super cramped for productivity work and generally is a cheap TN screen with poor brightness, poor viewing angles, and washed out colors. I find that I cannot get anything done with such low resolution, it's just too limiting.
Personally I wouldn't buy Lenovo because they've been caught twice with preloaded factory spyware, including BIOS-level spyware that reinstalls itself even if you completely wipe the drive and install a fresh clean retail Windows. I will personally never trust a company that thought doing so was okay.
Anyway, it seems like a fair budget laptop if you can get it on sale. It looks like it was $300 just back in August at Best Buy. I'm not sure I'd pay anywhere near the $400 MSRP for it, at that point I'd want at least a 1080p display.