Right on man, its great that you've started up snowboarding.
The set up that you found is really basic and isn't very good quality, but if you're on a super tight budget, it should suffice. I would recommend hitting up your local shop and trying out a few different things to make sure you'll be comfortable in them. If you have a little extra cash, you might want to get a better board like Burton, K2, or Gnu. Also, you can get gear for a lot less during the off-season.