the value of your money is subjective i cant answer that question for you. you need to judge that for your self. im have a more of a buy ounce cry ounce view of these things
as for kits like that the good: it has every thing you need to get in the air for $110 your not going to find anything in that price with everything you need to get in the air starting off with absolutely no gear
the bad: most or all of that kit is a dead end. meaning when you want to expand your going to have to replace everything. the goggles maybe will work with other analog drones i cant be 100% sure about that since the manufacture does not list any specks or even the manuals. when you crash and brake the drone, its not a if you crash and brake it its when ask any one here its going to happen eventually. finding the parts to fix it is going to be very difficult.
my recommendation for some one starting out with no gear or experience is to buy a radio and learn to fly in a sim. this will limit your finical loss if you decide this is not for you, and most important its waaaaay cheaper to crash in the sim. your going to be crashing a lot as your learn to fly.
radio recommendation is the radio master pocket very solid, reliable, will work with your next drones as you grow as a pilot, inexpensive, not the nicest radio though, if you want to skip the pocket and save up a little and get a radio that will last you forever get a GX12,TX15, boxer if you can get one cheep. the GX15 is OK IMHO but too new for me to recommend. the only difference for the big boy radio that really matters is the ergonomics, hand feel and there is not right or wrong one if that is the one you like