It is as slow as it gets. It would be good for basic Internet, movies and email, but even to do that one has to constantly keep it optimized and free from different bloatware.
I've a similar, from performance point of view, 11.6" device and have hard time keeping it in usable shape. It is basically netbook with 15" screen and DVD.
Windows 8 without a touchscreen is a different box of warms. Again, it can be customized and made friendly, but takes time as well.
In summary, unless you really know what you are getting, I would recommend to stay away from that device.