This is the new millenia version of the Suzie Homemaker Easy Bake Oven, a toy popular in the US in the 60's, that used a 100 watt bulb to cook food and brainwash young girls into thinking that cooking was part of their future maternal job description.
Be sure to never touch the halogen bulb when the unit is off, your fingerprint could cause the bulb to break.
If you are short on space, an over-the-range convection microwave is a bit pricer, but will do a better job cooking.