It will work, however its really hard to control the temperature of the iron.
I always solder whenever i wire, or am tinkering with an electronics part or something, so if you think you will use it a lot, i would recommend one with a base and one that is temperature adjustable.
RadioShack.com - Cables, Parts & Connectors: Tools & soldering equipment: Soldering tools & supplies: Digital Soldering Station With Detachable Stand