It maybe cheap but is still looks really good. I'm going racing on the weekend and I am thinking that after I do I am going to want to build an electric buggy. You are going to have to tell us how that lipo goes.
That looks very similar to my setup before I switched to the novak, the primary difference being the motor was blue (9L) and the battery was black. :) The MM is hard too see but it's behind the motor.
Check out my custom converted 8ight:
Sub 7lb, lowest CG of any 1/8 buggy