I have admired this plane for a long time and had it in my Tower shopping cart more than once but I have always backed out before hitting the submit button.
There are a lot of threads about this plane, do an advanced search of all forums using Midwest and Super and Stearman as the search term, limit the search to topics only.

I don't know if this link will work, it is to the search results I just pulled.

http://www.rcuniverse.com/forum/sear...mitbutton=+OK+

A lot of negative words have been written about this plane as well as some positive ones.
Opinions about the flying capabilities vary from it being a dog, to "very scale like", to great flying very aerobatic, so there is no way to know what the truth is.
This link is to a build thread that was unfortunately never completed, but there are some pictures of the construction so you can see what you are getting into.
http://www.rcuniverse.com/forum/m_26...tm.htm#2646052
Much has been written in complaint about the lead required on the nose to balance the plane, it is a scale plane that has a very short nose and it will require a significant chunk of lead up front to balance it, if this is going to bother you I would recommend against this kit.

And finally I agree with LuvBipes that the Sig Hog Bipe is a very good first bipe project that builds and flies wonderfully, but that is not what you asked about.