There's a store in town that sells similar things to this called "Chat Boards." The one that's 12x18 inches retails for $99. So...I ordered this.
Love it. Mounting was reasonably easy, though it helps to have someone else. It sits about half an inch out from the wall. Prior to this I had used magnetic paint to create a wall board space--that paint is weak and hard to apply. The board is a great replacement.
Love the red--most colours are reasonably readable on it (though the red dry erase pen my mother sent me isn't that useful.) I don't understand why people would order black--the white and neon markers are OK, but harder to come by and they don't write as well. Blue might be OK. White, obviously, but I wanted a punch of colour.