It works fine for basic, low-volume scanning. You won't get high-fidelity color reproduction from paper photos with a $30 scanner, and its software is definitely unsuitable for high-volume scanning.
A step up would be this Canon LiDE 35 Color Flatbed Scanner for $50 after rebate. LiDE scanners are low-power (<2.5 Watt), light, compact, powered by the USB bus (one cable!) and with the exception of LiDE 20 can scan a full letter/A4 page in 10 seconds at 150 dpi, and about 25 seconds at 300 dpi. They are the most efficient machines for turning paper documents, statements and bills into bits: put a page in, push a button, repeat. I use a similar scanner, LiDE 50, to dispose of my average daily mail in under a minute.