Well if you shop around you can get it even cheaper ... Slow Stick is $30 at HobbyTown lhs, $35 from most mailorder places.
You can get G_W_S transmitter set (3x Naro Servo, ICS100, R4P, T-4A and 600mAh Nicad) for $80 from eg, BalsaPR - so your total is only $115. imo most all e_b_a_y deals, even buy direct is no deal at all ...

iirc the e_b_a_y deals usually include 3 channel TX instead of 4, and/or bigger and heavier servos than the Naro ...