Reminds me A LOT of the Cube from 3D Systems. (Cubify.com) I bought the CubePro Trio- terrible, terrible machines... They locked it down to ONLY use their software(terrible) and their filament(poor quality and obscenely expensive). I was very disappointed.

I ended up replacing all but the frame/box with RepRap parts. Which is what I would recommend at this point(a reprap). You can get many different flavors of small footprint RepRap machines that come pre-assembled or in simple kits. Almost all have wide user bases and a lot of helpful people. There seem to be a lot of people doing well with Ultimaker2, Pursa i3, Kossel, and Ormerod2 machines. the software to run them is free(any slicing software can run on them) and the settings that get you most of the way to good/perfect prints are shared by the community. If you don't like one slicer or if it isn't working well with that particular part... you can just use a different one.

Many thanks

Yeah, I'd agree with Epop, for less than that you could buy a lot of different fully assembled printers that are more thoroughly tested. I'd suggest www.productchart.com