I don't think I could say too much specific about it, I don't think it's been widely used enough to find reviews anywhere. It has a fairly large build volume and a heated bed, but the frame is made of acrylic. I would personally prefer a sturdier frame made from metal (though admittedly I've never tried one that wasn't), but of course that raises the price. Also, are you handy enough to work through any issues that pop up by yourself? Because at a glance I suspect you'd have a hard time getting much support from them.
Another good-but-cheaper option that I have heard mentioned repeatedly is the Wanhao Duplicator i3, but I can't say much more than that since I've never looked into it myself.
All of the different materials that it can print with are just a function of how hot it can go and if it has a heated bed, if a printer can go to a high temp and has a heated bed then theoretically it can print practically anything.
HIPS is high impact poly-styrene, PC is poly-carbonate, and I assume when they mention wood they are referring to some varieties of filament that have wood fibers included in the plastic (I know there's also some out there with carbon fiber in them, but I hear that they wear out most print nozzles).
