It is expensive – and let's be real, it IS overpriced as hell – but I knew this before I bought it. The tools are decent, though I don't know if I'll really even use anything beyond the string cutter and string winder. Why did I buy it then? Well... my guitar deserves it, basically. I couldn't care less about the kit, truth be told – but this isn't about me, it's about the guitar.
Yes it's overpriced – but... most things are – and if you want a Fender branded tool kit, that sits nicely in your case, waiting for the day it can be of use to you – then you won't get MUCH better than this!