I am skeptical that at this price point that it has the necessary resolution to properly provide an accurate analysis.
What makes you say that? We live in the era of cheap (or free if you look at Room EQ Wizard!) measurement software, reasonable quality measurement microphones such as the Behringer ECM8000 and Chinese manufacturing. Furthermore the accuracy requirements for room measurement, subwoofer integration or home theater calibration are nothing like those for measuring THD or jitter in electronics. For one in any domestic setting you'd probably only be measuring 50dB above the noise floor, which means the signal to noise ratio of the soundcard and mic doesn't have to be amazing. And secondly the frequency response errors introduced by the measurement equipment are minor compared to those introduced by the room or by a badly integrated sub. Even a measurement system with +/-1.5dB variation would be plenty to calibrate and measure 95% of rooms since really you are not going to get any better than that without going to a dedicated room with acoustic treatment and EQ.
Of course I am not disputing that you get what you pay for. If you want a state of the art measurement rig then you'd want something like an Earthworks M23 ($450) or an M30 plus a nice soundcard ($200) and a calibrated SPL Meter ($150 for a cheap one, $1000+ for a really good one). But really most people don't need that unless you are a professional calibrator.