I use it for PA, vocals and acoustic instruments only, and it does the job. Whether it is powerfull enough for gigs depends on the speakers used. In my case, the speakers deliver 119 db at 80 watts, so plenty of power for rehearsal room, small & medium sized gigs. With less effective speakers it might be a little too small for gigging.
Not recommended for home stereo because of the fan cooler, but in the rehearsal room it's a great amp considering the low price.