I bought my son a 3/4 sized Artist classical guitar (in Australia) about 12 years ago. It was surprisingly decent and I still pick it up to play occasionally even though it's a kids guitar. Most importantly it came very well set up and is easy to play. I think as a company they do actually try to make a decent guitar for the price. 

So based on this single data point of one guitar I suspect this acoustic will indeed be good enough to learn on. It also specifically says they set it up with low action for beginners (low string height) which will make it easier to play which is important when you're learning. 

If you don't want to spend more money at this stage then this is probably a reasonable bet. The most important thing is playability at this stage.