I don't think this is a bad deal. I actually really like the way the landing gear looks compard to what I started with. Id recommend going to your LHS and seeing if they stock parts for this.
I started out with an E-flite Blade CP because parts were everywhere. It was more difficult to fly than the twin rotor, but not too bad to learn on.
I now have a helimax MX 450
Since you are going to have to work on it & learn how to tear it apart anyways, if you're just learning, you could probably put together a 450 size kit for about what you;re looking to spend. Or buy a 6 pack - LOL.
These kits are just the heli though, you still need to add all the electronics, etc though.
I thought of ordering one of these just to put it together (the $28 kit), I am not 100% sure, but I bet you could swap a lot of parts with t-rex parts ? Everyone carries t-rex parts.
http://hobbyking.com/hobbycity/store/uh_listCategoriesAndProducts.asp?idCategory=320#
The 450 will definitley be more stable.
Keep in mind, a lot of "how well it flies" has a lot to do with the set up and tuning, so be patient with it.
Take a look near the bottom of the page to see what else you need:
http://hobbyking.com/hobbycity/stor...t_Name=HK-450_CCPM_3D_Electric_Helicopter_Kit
They don't mention the radio though - looks like for about $150 plus a radio, extra battery & charger.
Just a thought
