At $300 for a handheld scope, it's not a bad deal It's lower-performance than Fluke scopemeters etc, but it's a lot cheaper too.
The lack of a second channel is a serious impediment to a lot of repair and design work where differential timing is relevant. If you are building PIC circuits from scratch and they aren't interfacing to many real-world things then it's not so bad because you can write test code that makes diagnostic waveforms that don't generally require two traces. It's unclear from my reading of the HPS40 specs if it is one analog channel with a separate connector for a trigger or just one input used for both trigger and amplitude... in many cases having a separate trigger input is as good as a second channel, in other cases it's not enough, it depends on what you're doing.
In the US, used two-channel analog scopes are available from $5 (an old beater good for seeing audio waveforms) to the low hundreds of $ (A Tek
465B, 2215, etc. good to 60 or 100 MHz, possibly with calibration). I greatly prefer analog scopes myself, just my personal frustration with the interfaces that many digital scopes (and especially scopemeters) have.
A few digital scopes have reasonable user interfaces (knobs). The pushbutton-only interfaces on scopemeters drives me crazy.
Tim.