I don't keep my hours private, so you can check my profile. It's somewhere above 2500, I'm pretty sure. And I don't mean powerful in the same sense as the Bar or the Ghost M4 or whatever, I mean in terms of mobility, the noob cannon is very good. Also, a five shot kill is not shabby at all. You just can spray and pray like you can with say a bar or a minigun and expect to get easy kills. You'd need to time your shots and get around your opponent to do anything, even with a 1 shot clip. Very worth the price I'd say, especially since it comes with vip perks since they're apparently the last reason anyone buys vip in the first place.
Usually vip items are like unique little melees or morphs or items, I think it's very rarely a gun. I don't think I'd classify as vip for pkers, it just kinda allows anyone to go about the game not having to worry about ammo, rusty guns, or being sent to the hospital, as well as opens up a bunch of character customization options with the colors.