Yeah, either video card is a step up from the one you listed.
The primary "issue" on that motherboard is that the manual was printed wrong and the clear CMOS jumper MAY be in the wrong position. Stupid to be sure, but beyond that there doesn't seem to be any complaints about the hardware and the price is good. As long as you are aware of that up front, no big deal. Sadly, as with all things China made quality is hit or miss. I've had boards that have issues with multiple RAID controllers being active at once (Asus), Faulty Driver CD (MSI), and missing RAID drivers (Tyan). When I'm motherboard shopping, I'm looking a features and hardware reliability. Missing/Faulty drivers are an annoyance but easily resolved by downloading the proper ones. Misprinted manuals can be a bigger issue, but typically a corrected one is available online by the time you have the board in hand. EVGA is the only brand that I've NEVER had any issue with which is why I say their GPU's are worth the few extra $. If you were doing an Intel build, I'd recommend them for the mobo as well.
Southbridge fans that burn out quickly or RAID controllers you can't boot from are issue that you can't work around. I didn't see any mention of issues like that on that mobo so I'd say you should be good to go on that. Foxconn like all manufacturers have had bad products. But keep in mind we are talking about the company that OEM's most of Apple's hardware. Apple hardware is not known for failing.
Edit: To be clear, I could give you links to a couple of better 880G boards but they are another $20-$30. You aren't going to get a great board at $55.
Agreed, you have to adjust your expectations, you will never be able to avoid these kinds of issues 100% of the time. But with that, at the very least you can take comfort in the fact that Newegg is very good about customer service, if you get a motherboard that goes belly up on you from the start, they will do what they can to replace/exchange it. On another note, I'd like to say +1 on the SSD recommendation, if you can somehow squeeze it into your budget, it will probably provide the most noticeable upgrade for everyday use. If you have read the hype about SSDs and are worried about their functionality because they are new, all I have to say is don't worry. A lot of them are into their 4th or 5th iterations, a lot of the problems that plagued the initial SSDs are ironed out and as long as you aren't using your SSDs to host a file server or something crazy like that, you won't use up the write cycles on it.