It will rock with a Himax 2015/4100, GWS or Himax 6:1 gearbox, 12-6 GWS slowfly prop, Castle Creations Phooenix 10 or 25 esc, Berg MicroStamp 4 or 5 receiver, Etec 3s 100 lipos.
It will hover for about 20 min. and accelerates straight up.
All the guys in our club use this setup.
You can also get the Himax motor/gearbox combo for around $66. Not bad.
For these small lipo packs the Triton charger is great, especially if you also have nicads and/or nimhs.
If all you use is lipos get the AstroFlight 109 lithium charger. About the same price and does a superb job, does up to 9 cells at up to 8 amps, so you can charge larger packs or parallel the smaller ones and cut charge time almost in half.