i would consider this position excellent for white. he has complete control over the centre, a developed piece, at least one pawn for the knight, and black has only two missing pawns.
the entire purpose of the kings gambit is sacrifice. while white may not have attacking chances at the moment, in two moves he can generate a powerful attack on f7, i.e. Bc4 then 0-0, and if black has played into it, maybe even Bxc7, winning the queen or the king.
i say this position is an all but totally sound sacrifice for what. besides, without dubious moves like this, chess would be a boring old man's game
Ok, it has a name: Rosentreter Gambit
And here goes the analysis:
http://www.chesspub.com/cgi-bin/yabb2/YaBB.pl?num=1059304681