Well, I'm not familiar with the exact model, but I do have a compressor very similar to that one. As TABG already stated, it will run constantly & could very easily burn out. Odds are, there will be times that you will want to shoot at higher than 30 PSI. If you plan to do illustrations on paper or some such thing, & only work a few minutes at a time, then sure. However, if you don't need the airbrush it comes with & the whole schmeer is $60, you're much better off getting something like this.
Porter Cable C2002 150 PSI 6 Gallon Oil-Free Pancake Compressor: Compare Prices, View Price History and Read Reviews at NexTag
Sometimes you can score a new one for under $100 on sale. Try looking for a used one. You should be able to get it for the same as what the one on Ebay is. It's oilless, & other than having to drain it at the end of the day (super easy), it's really pretty much maintenance-free.
It will be loud when it kicks in, but it won't run constantly. In fact, I have this same compressor, & when I shoot steadily at 45 PSI, it only runs a few times a minute. (EDIT: OOPS! I meant it only runs every few minutes!) The biggest bonus is you can run multiple brushes off it if need be, or bigger brushes like a small touch up gun. MUCH more compressor for the same money, & much more flexible in it's uses.
Just my opinion! Good luck!