Looks similar to an Orion Scope. For $60 its probably a worthwhile toy but its got a built-in image corrector which is probably a barlow as well as the focal length is 550mm.
I think these use special eyepieces that are threaded as part of the focuser.
Is it junk? Not compared to that 40x45 "Chromat" that I bought at big lots for $8.