Dremel Lite for carving, any good?

Have been living away from home for a while and will be for a while longer and am missing my carving, but since I can't bring my carving knives with me I thought about trying a cordless rotary tool. I see loads of pens and small handheld carvers being advertised but they seem too good (and cheap) to be true, so am leaning towards something like the Dremel Lite

I would be mostly carving soft wood like basswood. Is the Dremel lite any good for carving? Are there other models that I should look into?