Nice bargain there mate. I know there's an argument for 'it's not proper brewing', but the time saving and convenience factor is appealing and your cost is in the ball park of most shiny traditional set ups.
I might start saving!
Yeah, even I was a bit of a naysayer, thinking it wasn't proper brewing but all it does is control mash and boil temps easily and precisely. It's no more not proper brewing than using a brew fridge to control fermentation temps. I don't think anyone would argue that a fridge wasn't proper brewing. You still have to devise recipes, control fermentation and conditioning etc. And there's still plenty of heavy lifting and cleaning at the less glamorous end of the hobby.