That sounds damned near useless for typical data analysis purposes and I would very much prefer a distributed system to a system that would take an hour to fill main memory over its tiny network port. Also, those cost $400/hr and are specifically designed for businesses where they have backed themselves into a corner of needing to run a huge SAP HANA instance. I doubt they would even sell you one before you prove you have an SAP license.

For a tiny fraction of the cost you can get numerous nodes with 600gbps ethernet ports that can fill their memory in seconds.