Merida 26" 2008 & Merida Big 99 this year.
Yep , got 2 Merida bikes. The 26" is a hardtail and a brilliant bike.
Just bought the Merida Big Ninety-Nine 1000 from the May-July 2013 Mountain Biking Australia Magazine. This is the entry bike in this range and it is very good to ride.
29" wheels make the big difference and full suspension is great. I mostly ride XC but do go via some DH but not quick.
Meridas are top bikes. The one you have found looks good and as you wear out the bit and pieces you can update to SLX or XT etc.
Enjoy your bike.