Don't panic. My son has one. Grainy pics, slowish focus but good images in reasonable or good light.
That said, the camera you actually take with you is the best camera of all and this little blighter is probably perfect for a cyclist who don't give a dam about the weather.
Picked it up on Ebay for about £80 reconditioned a year ago, battery life very poor for some reason. I keep thinking i must pop out and do some street shots next time it's absolutely piffing down.