I have often brought a cheapo, light, thin bladed machete with me to Quetico.  Its use was more for clearing protage trials than for chopping or splitting wood.  

It functioned quite well for clearing trials - generaly brushing around blowdowns or trimming the branches off blowdowns.  One whack and a bent over alder or maple an inch and a half thick is cut thru, and it works much better than an axe for thinner stuff.

It stays in the back of my pickup normally, and I use it for splitting kindling and watermelons, and whittling tooth picks.  It is quite useful.

But it is too light to be effective at splitting heavy chuncks of wood - usually the blade will just stick and I might clobber it with another chunk of wood to drive it thru - it won't work very well on wood with a lot of knots.   It is better to carefully split off a wedge shaped piece from the first block of wood, and then use that wooden wedge for splitting.

I'd say it depends on what you have in mind - if you are going to cook over a fire and needing lots of split wood, you'd be better off taiking something like a Hudson's Bay axe - overall length of 24" is only 7" longer than the machete you linked to, and I'd guess about a pound heavier, but way more effective for splitting and chopping.  On the other hand, if you only want the machete for occasional use, it will probably do well enough once you find out its limitations.