Is this bike any good?

I've never really heard of this bike, but thats not to say its bad. If I were looking for a bike in this price range, i would take a look at Commencal Bikes. Depending on what type of riding you might be doing, the Meta TR V4.2 or Meta AM V4.2 would probably work well. They are proven to ride pretty well, good quality frames, and good geometry.

Those bikes have been discontinued from the looks of Bianchi's website. If you are in fact based in the UK, there are a half-dozen other bikes in that price range which have better geometry and spec, which are still in production.

Have a look at some of the clearance bikes on Chain Reaction.

This Lapierre Zesty AM 527 is a similar price point to the Bianchi but from a more reputable brand. It also has a much better spec list. We tested an older version that did well.

Well for comparison and since you are looking for a link, then you might want to check this website called Best Comparer. Check the Sports section and Bike section (hybrid bikes, MTBs etc) if you are looking for suggestions.

Bianchi is a good brand, and the components on what you linked are decent, so you will not have any problems or regrets with them.