Lots of well thought out responses on this woot, as well as plenty of borderline Down's syndrome related replies.
For the average Joe or Jane, this set is probably unnecessary, but for those looking to start amassing a quality set of knives, today's woot is a great deal compared to other online retailers or your local BnM store.
Like another wooter said, a Porsche at half price is still going to be expensive, but that doesn't make it a bad deal.
Those who say a $20 knife from Walmart will do the same, let me ask you a question...You can go anywhere with your Ford, or watch shows on regular CRT TVs, so why spend more right for either? Both of which costs more than a few hundred dollars difference for more quality products.
From personal experience, I can only offer a comparison of what I have used. I own a generic santoku-style $35 knife from amazon, a gifted set of Cutco chef's knives (around 6 and 9 inches), a Kyocera ceramic, and a Global forged chef's knife. I recently purchased the Onion's 8 inch chef for mother's day. Of those 4, I would lean towards the Shun for cooking in terms of sharpness, and comfort.
Wish there was a store you can go into to cut up items with various knives instead of just feeling and holding them. I am curious about the Miyabi, Masahiro, Wusthof and MAC knives...