As far as arrow specs go, I'll let some of the other guys handle that for you. But, as far as the bow goes they've pretty much got almost everything on there that you need. Since you're just learning to shoot I'd highly recommend that they put a kisser button on for you just to make sure that you anchor at the same place every time. Also, if you're looking for a little for stability you can get an STS (string stabilizer) put on for about $40-50 if the wallet will allow for it. This will take away some of the hand shock and there is a world of difference between a bow that has one and one that doesn't. More important than this, however, is probably your regular stabilizer, I would go with this before the STS.

As far as other accessories, I'm sure you know you'll need a release. Don't let them talk you into $100 release, its not worth it for someone just getting into shooting. Another thing i can recommend for you to save a few bucks is there is no need to purchase broadheads right away. You'll be practicing all spring without them so there is no need to get them right now. Wait a couple of months if you need to save a little $$. Hope this helps.