Don't know anything about that combo. In that price range, I'd also look at the following combos:
Bass Pro Hobbs Creek:
White River Fly Shop Hobbs Creek Fly Outfits
Cabelas Three Forks:
Cabela's Three Forks Fly Rods and Combos
Scientific Anglers:
Amazon.com: Scientific Anglers Species Specific Fly Fishing Outfit Combo: Sports & Outdoors
Redington:
Redington Crosswater Rod and Reel Outfit
I have a Hobbs Creek outfit and would recommend it. I've heard good things about all the others.