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That's the same as the kit I bought, just with a different brand name on it. It works great, you get a finish you just cant get with hand painting.
The only thing I will say is the moisture traps on those compressors are very meh, so grab one for the airbrush end too, they're cheap and will stop you spoiling your lovely smooth sprayed paint with splats of water. (It happened a lot, especially on humid days, and it's bloody annoying) I got one of these:
http://cgi.ebay.co.uk/AIRBRUSH-MINI-FILTER-MOISTURE-TRAP-/290444700295?pt=UK_Crafts_DrawingSupplies_EH&hash=item439fda6a87