Triathlon Lab Starter Package

I know I've been talking for ages about getting into triathlons, but I haven't been able to make the leap mostly because of finances.  Although I am not totally ready yet, a runner friend of mine told me about Triathlon Lab, located in Santa Monica and Redondo Beach.  Apparently, Triathlon Lab sells a great little "Starter Package" for newbie triathletes, which include all the essential ingredients:

• Felt Z100 Bicycle
• 22 oz water bottle
• Water bottle cage
• NeoSport Long John Wetsuit
• Triathlon Shorts
• Triathlon Top
• Helmet
• TYR Racetech Goggles (or Blue Seventy Element)
• Latex TYR Swim Cap
• Rocket Science Transition Duffle Bag

The package is sold for $1000, and I'm thinking it could be a good start?