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At $299, it seems like a great deal. I want one! (Note the 3DR credit, only slightly misspelled, at the bottom of the listing). From HobbyKing:

Get in the action with the Quanum Nova, the Ready to Fly GPS drone that ticks all the right boxes. Don't let the low price fool you, this machine is capable of more than any other RTF quadcopter on the market today!

Boasting full GPS functionality such as position holding, return to home and even full GPS waypoint flying, this is a professional level multi-rotor aircraft in an easy to use, ready to fly package that anyone can fly. The Quanum Nova was developed with one primary goal in mind - providing our customers with a simple, user friendly drone capable of proffessional level flight performance. This goal has been realized. Now you have the perfect machine for carrying your GoPro or other similar sized action cameras for shooting awesome aerial video!

When it comes to ease of use, the Nova is at the top of the list. Arriving fully tuned and setup, you simply need to install the landing gear and props, charge the battery and fly. It's that easy. For more advanced users or as your skills progress, you can connect the Nova to MAVLink compatible software such as Mission Planner or others, allowing access to a whole host of programming options including selectable flight modes, GPS waypoint functionality, advanced tuning and so much more!

The Nova features a beautifully molded plastic body which not only offers good looks, it provides durability and is extremely light weight. The lower body shell of the Nova integrates bright LED lights, green in the front arms and red in the rear, making orientation easy in both day and night flying. Additionally, there are two large status indicator LEDs at the rear which show the current status, such as GPS signal and battery condition.

Aerial video is where it's at and the Nova is just the model for it. The Nova is directly compatible with our Quanum Q-2D brushless GoPro gimbal, providing direct fit mounting. Simply bolt-on the Q-2D and connect it to the integrated gimbal control plugs on the bottom of the Nova. The on-board connections provide power, tilt and roll functions for the Q-2D gimbal. There is also a very convenient mini USB connection for connecting the Nova to your PC.

Once you've compared the features, functionality and flight performance of all the Ready to Fly quadcopters on the market today, you will see that a clear winner has emerged...the Quanum Nova.

Features:
• Ready to Fly w/out battery - Just add your choice of battery and charger!
• Multiple preset flight modes such as Manual, Stable (loiter), Direction Locked (simple), Altitude Hold and Return to Home
• MAVLink compatible allowing for GPS waypoint mission flying, advanced tuning and so much more (for Advanced users)
• Precision GPS, compass and altitude sensors
• High quality 2.4GHz 7CH transmitter included (Mode 2)
• Q-2D brushless camera gimbal ready (sold separately)
• On-board tilt/roll control and power connections for use with optional brushless camera gimbal
• Low voltage battery protection initiates blinking LEDs and audible buzzer when flight battery is low
• Easy to see LEDs provide excellent visibility in both day or night flying

Specs:
Main Rotor Diameter: 365mm
Main Rotor Blade Length: 205mm
Main Motor Size: 2212
Length: 300mm
Weight: 300mm
Height: 200mm
Flying weight: 875g
Approximate Flight Time: 15 minutes
Battery: 3S 2200~2700mAh LiPoly (required)
Number of Channels: 7 channels
Rotor Type: QuadCopter
Completion Level: RTF w/out battery (Need to add your choice of battery and charger)

Included:
Quanum Nova GPS QuadCopter
2.4GHz 7 channel radio transmitter (Mode 2 version - left stick throttle)
GoPro Hero 3 vibration dampened camera mount
8 inch propellers x 4

Required:
3S 2200~2700mAh LiPoly battery (must not exceed 105(L)x27(H)x40(W)mm)
LiPoly battery charger
4 x AA batteries for radio transmitter


*Note: The Quanum Nova flight controller  is based on the open source APM Project from 3DR Robotics, the design files per the creative commons license are available under the files tab below.