Depends upon the giftee who will be getting it, and what they are using it for. I still use mine quite often for miscellaneous non-intensive uses, and it works fine, just a lot slower than my new phone or desktop. Admittedly the technology is becoming dated, which is why it is at a good price.
I may or may not replace mine with a newer tablet, don't feel extremely compelled to do so as the N7 still meets my needs. For more intensive uses, I go to my laptop or new Skylake build computer.