I like the looks of that compressor. Comes with moisture separator, but you still need a regulator (add another $20 +/- to that total).
Airbrushing is one of those markets that you tend to get what you pay for. I\'m not saying you need a $300 airbrush and a $500 compressor, but....the lower end stuff tends to be either re-labeled badger or some sort of knock-off that you\'ll never be able to find parts for. You will need parts. Needles and cones get damaged or just seem to wear out.
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What are you wanting to do with an airbrush?
Prime and clear? A decent single action external mix badger will do that for you.
Shoot cammo patterns on model armor? You\'ll need a bit better gun. Double action, preferably top-fed with a nice needle.
Personally, I\'d pass on that package deal. I\'m not familiar with the brand (it may be a good one over in EU) and there is a key piece missing in the package (regulator). Hope that helps.