Is D40 OK For A Start?

I went out to LowYat browsing for a DSLR camera that I am intending to buy for a rebirth of my photography hobby.  At Low Yat I saw andinquire about a Nikon D40 and read about the product at Nikon website. Maybe I will buy that model for a start and hope to get some feedback from veteran photographers and camera enthusiast.  

Of course my budget is around RM 1500 and that D40, I saw at Low Yat cots less than that.