Anyone's thought on the Hungarian defense?

Whenever I play the Italian game (which is basically 99% of all white games), some players occasionally play the so called 'Hungarian defense', which is:

I guess that it's pretty passive but from my experience it's solid enough to have a playable position. What do you guys think?

*solid enough to give black playable position

(I should proofread my text first)

The Hungarian is solid but not risk-free.

White as always has the option of a slow Giuoco, e.g. 1.e4 e5 2.Nf3 Nc6 3.Bc4 Be7 4.O-O Nf6 5.d3 or 4.d3 Nf6 5.O-O. This transposes to a Two Knights Defense usually reached by 3...Nf6 4.d3 Be7 5.O-O. It's a shame not to punish black for a passive move like 3...Be7, on the other hand it's pragmatic not to learn any additional theory against a rare move.

A much sharper white try for advantage is to aim for the Goering Gambit 1.e4 e5 2.Nf3 Nc6 3.Bc4 Be7 4.d4 exd4 5.c3 dxc3 6.Nxc3 (6.Qd5!? Nh6 7.Bxh6 many blacks resign here but it's not 100% clear 7...O-O 8.Bc1?! Nb4 and black regains the material). After 6.Nxc3 black is in a risky (for black) version of the Goering Gambit Accepted. 7.Qb3 is already strongly threatened. So black is advised not to go there. There are two ways to sidestep. (1) 5...Na5 (2) 4...d6. Both have some theory and white retains an initiative but probably black can equalize.

Guards g5 square. One step closer to casteling. Will support a Knight f6 placement without pin to queen. Not adventerous, but principled. White can play the quiet game against this.