If you read the review on your link, you'll see that it seems to be the same as the TFT01-2.4 sold by Elecfreaks.
Then the only pb with arduino board is that the screen works at 3.3V and arduino I/O are 5V .
But I had a look at the elecfreak site, and they have a shield that reduces the voltage, have a look here http://www.elecfreaks.com/1204.html , I think you'll find what you need