I have used one that is very similar, except I didn't get it that cheap (~$50) and I bought it from microcenter. It takes decent quality video, and it is squarish so it is easy to mount in a larger diameter rocket.
I think it is a good camera to start out with, but for the price that one is set at, if you lose it, then you only lose $22.
By the way, it appears to be marked down from $82.