I bought a Phantom 2 last Spring. I did not want to spend $700 on a toy that I had no idea how to fly. So I bought a Hubsan H107L for $40. I also bought propguards, you will need it! I bought this to practice with first and I had many crashes and pilot errors.
If you buy this, be sure to get the Hubsan in "Mode 2". Mode 2 is the same control setup as the phantom (throttle on left side). so when you switch, you will not have to adjust for anything.
When I finally bought the Phantom, BOY was the Phantom easy to fly! I know many people will say just buy the Phantom, and I see their point. It is easy to fly, but still - $40 is cheap to learn things and not weep when it crashes due to pilot errors.