Yes, that hooped bivvy looks good. Similar design to the Snugpak Stratosphere, but maybe a bit lighter weight and cheaper.
Kind of half way between a simple bivvy bag and a small tent. Good if you want something low down and midge proof?
Tempted to buy one, but not sure if I'd use it much. I already have the Alpkit Soloist tent, which isn't much heavier. Or a Hunka bivvy for small and simple.