firstwordisee, That looks like a decent piece of Plateaux briar. I think you can make a pretty good pipe with that one. It has a lucite stem too. Should make a good looking pipe for you.
One tip. The hardest part to do for new carvers when making a freehand is making the stem, freehand shank and pipe bowl run in a straight line. If that makes sense.
I'm no professional pipe maker by any means, but if I can be of any help, don't hesitate to PM me.
As said, keep us updated. I like seeing pictures of others work, even pictures as you progress are good ones too show.