I bought the 4 piece set last time and well, they are cheap both in quality and price.
The steel is pretty thin, which is actually great for the paring knife, but terrible for the chef's knife, which really needs a heavier blade.
The handles are also awful. I read an earlier comment to that effect and thought they couldn't really be that bad, but they are. I don't know if they'll break, but they are cheap plastic, very slick, and not shaped for a good grip.
They're sharp, and you can certainly cut with them, but I haven't used mine enough yet to say how well they'll hold an edge or take an edge, and that's where quality is measured. Every knife should be sharp out of the box.
That said, I like the paring knife, and the utility knife is fine for general purpose use. Basically, this is not your top notch knife set, but it's fine if your just setting up on your own and need something cheap, or as a second set for kicking around. But if this is going to be your only set of knives, you should really go get a separate chef's knife if you're at all serious about cooking.