Looks like a great starter bow, it'll get the job done for sure. You don't need to spend a whole lot of money but you might wish to upgrade on some of the accesories as the ones that come with the package bows are of pretty poor quality. A wisker biskut, cheap stabalizer and some slightly better pins wouldn't cost much and would go a long way in improving the setup, especially for a starter bow. Make sure when you get arrows that they are cut to the correct length and spined correctly, as that is a big factor most guys overlook when first starting out. Any tech guy at cabela's should be able to help you out, plus the guys in the tech forum here are more than willing to talk you through it.

Make a ton of time to practice this summer and you should be ready by the time fall rolls around. Good luck and welcome to the addiction!