Indeed, it is chill. So chill in fact, it's freezing xD
On a more practical note, I can just see this being used in an 8bit style RPG game :3
E.g. if the game Seedling had a town... (and was less Zelda-like), you could use songs like this one for when the character is just roaming around the town, buying stuff (and wasting monies).
So yeah, overall a fairly awesome song >:|