It doesn't tune great and the strings where pretty high up straight from the box. I'm sure the string hight can be easily fixed, maybe the tuning aswell if you mess around with the rod.
Anyway it's still very playable. The sound really is surprisingly good given the price, i'm sure it would be better if you put on some better strings. Mine had quite a lot of noise on the output though.
It's probably not a bass you'll be playing on for years and years if you get serious and but it's a bargain for anyone starting out.