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I have seen several like this, so far this is the lowest price with a good collection of features. So why not!
Personally my thoughts run like this;
low cost, flat, hiking yes
alternative,
make one yourself, make a Hobo stove from guides, put cooking stuff inside Hobo Stove, takes up the same room.

Just a different way of thinking, flat for this, but your cooking stuff is round. I put my cooking stuff inside the round Hobo Stove, which doubles as a charcoal cooker the same as this does. Even though my Homemade Hobo Stove is round, in the end it will take up the same space. Inside my Hobo Stove, I also toss in an alcohol burner and stand as they way only 1.3 oz together.

I have one of these and highly recommend it.

http://www.amazon.com/Emberlit-Camping-Stove-Stainless-Steel/dp/B00ADUYW9M

This one is much like the Emberlit but it folds up flat instead of having to assemble from separate bits, VARGO hexagon wood stove.
Stainless or titanium.
http://www.vargooutdoors.com/hexagon-backpacking-wood-stove.html#.UVetB3dW_Yc

2 lbs is really heavy, OK if you're not carrying it around.
The titanium VARGO is 4 oz.

i have and use the vargo titanium hex on a regular basis. Fantastic little stove. Expensive, but it will last a lifetime, takes up no space at all, and weigh next to nothing.

I picked up a couple of little titanium tent pegs to use as in conjunction with it. I lay them horizontal accross the small notches in the top of the stove, and they make a small platform that you can rest a stainless steel waterbottle on. Boils water in about 5 minutes 😀