That is the exact amp I had during the first 4 months of my
guitar playing.
I have since bought a Roland VGA 50-watt unit (with chorus, flanger, reverb, delay, tremelo, 11 different types of distortion). I live in a small apartment, so I couldn't buy a
tube amp since they need to be cranked in order to get decent distortion.
It terms of tone, it sounds dreadful, and pedals plugged into it (on the dirty channel) won't help much either; it sounded like mush. But if you like a pedal-into-a-clean-channel-tone, it's not bad if you are a beginner.
Anyways, I would pass on the Peavey and go straight to a 50 watt amp if I were you. I regret wasting money on that small amp, but at the time I didn't know if I was going to able to get better with playing or not.
I hope this helps.
