Honestly, I think it's pretty much a bargain basement/blue light special board. I've seen many other boards of similar quality for the same price or less at places like West Marine. However, since you're just learning, it may not make much of a difference. Be sure it's the right size for you and the boots are comfortable.
If you get serious about wakeboarding, you'll want to upgrade soon. Another option to consider is getting a package deal/last season closeout from somewhere like wakeside.com, buywake.com, or one of the other sites advertised here. This will probably cost close to twice what you're looking at for the Hobie board, but you should be able to get more lasting use out of it as your skills progress.
Personally, I always buy from a local shop where I can demo multiple boards and choose the one that fits me best. However, I'm more serious about my boarding and my local shop is great.