Looks like a pretty decent, inexpensive way to get into your first set of gear. You may think about upgrading the console to some sort of computer, depending on how you want to dive. The Nitrox computer may be a little more expensive, but in my opinion worth the money. You would be able to grow into it if you wanted to, then flip the computer into gauge mode if you ever got into the more technical side of diving.
Those are of course not top of the line products, but for the price I really dont see how you could go too wrong. They guys at Scuba Toys are also great to work with.