This is the first thing I ever bought from Thomman, thinking it'll be all right for a year or two, until I can pay off the drums and cymbals. I still have it (4 full years in use), and it still works like a charm. Since then I bought a ton of Millenium products, not limited to drums (including a mixing station), and for majority of them I have only praise.
I wanted to write a review because for a "common" drummer (a hobby player like me) these products are god sent. Low cost, good quality, good handling (for example, these stands have all the memory locks needed, hi hat stand has a tension adjustment and cymbal angle adjustment, snare stand is infinitely adjustable etc.), good feel (non-slip feet, heavy bodies and dual braced legs, solid screws etc.). These will maybe not survive numerous gigging of a pro, but for rehearsals and an occasional live show (like in my case) they are unbeatable for the price.
The weakest point, I would say, is the pedal. Not bad, though, just the weakest of the pack, because pedals are a world of their own. This is a very solid and versatile pedal, with a lot (a lot!) of extra features worthy of most intermediate drummer, but pedals are something that take a beating constantly, and after a while you might need that extra quality (and feel?) of a more expensive brand. And yes, this is where you might not want to save money if you are a long time player.
P.S. I gave it 4 stars in quality just because there are definitely better stuff out there, but I give it 5+ stars in quality/price ratio!