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I use the VMC 004, but its essentially the same mixer (mine just has more channels). I'd reccomend it 100%. Basically this mixer has got what any basic mixer needs in order to DJ, and it's built with quality. It doesn't have all the bells and whistles, but that's why you can get it for a good price. Faders feel nice, as well as the knobs. My only complaint is that it doesn't have all the nice little features that other mixers have, but that's just me. I'd say it's a perfect starting mixer. Good luck 
I can't compare it to a DJM 300 because I've never used one. $125 for the VMC 002 is a good deal, I'd go for it.
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Glassball - Robots In Disguise [DUBSTEP]
Find me on Soundcloud
Monthly psytrance mixes on www.DI.fm - First Thursday of every month.
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