I haven't tried this particular product, but I have used a Monoprice graphics tablet in the past and I have to say imo it was pretty awful, especially if you are used to using Wacom Intuos tablets. It's really good you're asking for people's opinions on this because I don't trust some of the Monoprice reviews you'll find online. If you can afford it, I'd recommend going for the cintiq. At least you know you're getting the best quality product out there.
As for tablet monitors vs graphics tablets, it's a very personal thing. You have to try one for yourself and see how it feels. I personally prefer using a large Intuos 5 tablet with 2x 27" 2560x1440 monitors because I find it easier to work with the extra screen space, but some people find screen space less of an issue and feel more comfortable with a more direct interface like a tablet monitor.
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As for tablet monitors vs graphics tablets, it's a very personal thing. You have to try one for yourself and see how it feels. I personally prefer using a large Intuos 5 tablet with 2x 27" 2560x1440 monitors because I find it easier to work with the extra screen space, but some people find screen space less of an issue and feel more comfortable with a more direct interface like a tablet monitor.
A regular tablet fine by the way, just take your time to get hand-screen coordination down.