I got my cheap (free) telescope a few weeks ago, and have been using it to look at the moon and jupiter. I was surprised to point it at what I thought was jupiter, and after a bit of focusing I was able to see its moons. It's pretty tough to see with the tiny field of view, but I was just barely able to see jupiter's cloud bands, though not too clearly. It also traverses the field of view pretty quickly with the high power eyepiece, and since the mounting is rather crude, its really hard to track. There are simple ways to make equatorial mounts so I might try that.
The view isnt quite as good as this, but if look at this picture about 6 feet from your screen, that should give a decent idea:
I can get a pretty good look at the moon, and was able to stick my DSLR behind the telescope for a shot. Since I don't have an adapter, there is a lot of light leakage even in a dark room, and its hard to focus. I figure with a bit of messing around I can get a really good shot of the moon.