I'm a beginner, so I bought this and I think it is a good value.
The soldering iron works well for through the hole work. I practiced with cheap resistors, maybe a dozen. The stand is light weight and the power cord is stiff, which tends to make the tip to touch the coiled springs, which acts as a heat sink. I changed to using a box of baking soda to rest the iron so that it would heat up properly. I turned the heat control on the iron to the one o'clock position, and got good results with the supplied 60/40 solder.
The vise is very good, for small boards. It is stable, and the controls are very smooth.
The multi-meter works well, but the instruction booklet is worthless. Ladyada's tutorial will get a beginner going; it did for me.
I expect to move up to a temperature controlled soldering station, perhaps the Hakko or the Aoyue, but for a beginner I think it is good to wrestle with a simple iron. You learn something by doing so.