This is a good spec for a laptop for the price, especially considering the i7 4720HQ is much faster than the standard i7 processors you see at stores. For example the i7 4720HQ has a benchmark about twice as much as the i7 5500u which is the type you usually see in stores.
It has 12GB ram which is decent, and it has a full HD Screen instead of the standard 1366 x 766.
It does only have intel integrated graphics instead of dedicated.