Any 2k bike is going to be good - not sure I'd pay 2k for that but with £500 off it's starting to look reasonable - Ultegra is a good groupset and it's mostly full Ultegra except the brakes . The tyres are dead cheap on it - £6.50 each at Ribble - they may be hard wearing but the bike will feel nicer if you stick some race tyres on it.
I have no idea about the wheels which are quite important on a bike - quite often bike companies skimp on the wheels but I'm not saying that's the case here - but it could be.
The gearing looks suitable for someone just getting into riding road bikes so that's a plus.
In short on paper it looks OK and if it fits - which is the big if - I'm sure it'll be OK - they do do a women specific bike though so that may be better though it's got a slightly lower spec.
Edited: 20/09/2011 at 11:08