Well, despite being down a pawn, the evaluation SHOULD certainly be something less than 1.00, as White already has some compensation for the sacrificed material.
It's White's move, he already has one piece developed and is about to further overtake Black in devevelopment by developing another. He's two moves away from castling and upon doing so will develop his KR by putting it on the half open f file.
Whether all of this compensation is worth a full pawn or not has been debated for more than two hundred years... that's the King's Gambit for you.
Other engine evaluations for that same position, some of which you're not going to like, since some are even more optimistic:
Komodo 6: 23 [-0.03] 4.Bc4 Be7 5.O-O Nf6 6.Nc3 Nxe4 7.Nxe4 d5 8.Bxd5 Qxd5 9.d3 O-O 10.Bxf4 Bf5 11.Nc3 Qd8 12.Qe2 Nc6 13.Qf2 b6 14.Rae1 f6 15.Be3 Qd7 16.Qh4 Bg4 17.h3 (158.37)
Bouquet 1.8: 21 [-0.12] 4.Qe2 c5 5.d4 cxd4 6.Bxf4 Nc6 7.Nbd2 Nf6 8.Nb3 Be7 9.O-O-O O-O 10.Nbxd4 Nxd4 11.Rxd4 Qa5 12.Kb1 Be6 13.a3 Rac8 14.Qb5 Qxb5 15.Bxb5 a6 16.Be2 (176.91)
Critter 1.6a: 22 [-0.16] 4.Qe2 g5 5.Qb5+ Nc6 6.Qxg5 Qxg5 7.Nxg5 Bh6 8.h4 f6 9.Nf3 f5 10.Nc3 fxe4 11.Nxe4 Nge7 12.Nf6+ Kf7 13.Ne4 Re8 14.Kd1 Bf5 15.Neg5+ Bxg5 16.Bc4+ d5 17.Nxg5+ Kg7 (71.98)
Houdini 3: 22 [-0.26] 4.Qe2 g5 5.Qb5+ Nc6 6.Qxg5 Qxg5 7.Nxg5 Bh6 8.h4 f6 9.Nf3 f5 10.Nc3 fxe4 11.Nxe4 Nge7 12.c3 Bf5 13.d3 O-O-O 14.Be2 Nd5 15.Nfg5 Rhf8 16.O-O Rde8 17.Bh5 Re7 18.c4 (129.14)
Deep Rypka 4.1: 20 [-0.33] 4.Bc4 h6 5.h4 Nf6 6.Nc3 c6 7.d4 b5 8.Bd3 Nh5 9.Ne2 g5 10.d5 a6 11.hxg5 hxg5 12.a4 b4 13.Qd2 c5 14.c3 a5 (347.10)
Naum 4.2: 19 [-0.34] 4.Bc4 h6 5.Nc3 Nc6 6.h4 Nf6 7.d4 Nh5 8.Nd5 Be6 9.Nxf4 Bxc4 10.Nxh5 Qe7 11.Kf2 O-O-O 12.b3 Ba6 13.Re1 (139.79)
Thought this was interesting http://en.chessbase.com/post/rajlich-busting-the-king-s-gambit-this-time-for-sure
I'm pretty sure this is an april fools
Yes, but see my comment in Post #9.