I have looked at that set as well for myself. I ended up purchasing something else but I know I certainly would not mind finding those knives under my tree come Christmas time!
It is definitely NOT a knife set I would think "Really??? WHY?!?!?" lol
And yes, I have received questionable knife sets like that, and from my Dad no less. A particular $20 Hinkels set comes to mind... *shudder* I still love him though.
Maybe I should send him a link to that set and hope he gets the idea...