seems like an ok deal, but that is a very small mill...that size is capable of some good results under the right conditions but they take very light cuts... For $3000 you could have a much bigger mill if you dont mind CNCing it yourself. checkout G0704 Drill/Mill with Stand to see the G0704, or you could go the x2 route from any of the numerous dealers around. on the G0704 $1000 or so will cover the parts to cnc it.
just depends on what you will want to do after you complete your 3d milling education...
http://www.g0704.blogspot.com/