No idea about the quality, and let's face it, it's damned cheap so it can't be great, but it is multiregion hackable according to
http://www.dvdreviewer.co.uk
They have this hack for this model:
1. Press the Open/Close button on your remote control to open the drive tray
2. Press the buttons 0, 1, 1 and then 1 on your remote control, in order, one at at time
3. A set of stars should appear in the top left hand corner of the onscreen display
4. Press the button 1 on your remote control to select Region 1, or 2 to select Region 2, and so on.
5. The word Region and then the number you selected should briefly appear on screen to confirm that the hack has been successful, however this may not be the case on some models