the lens is garbage, but does the job for web-sized pictures and small prints I suppose, if you don't mind crazy distortion at every focal length. In any case, I'm sure someone would buy the lens for $300-400, and that leaves one with a full frame, 39 AF point, Sony-sensor body for $1600-1700 new. Quite the fantastic deal!
Hopefully Canon does something similar with the 24-105 or when the new 24-70/4 IS is released, or I fear they will lose lots of business to Nikon. Many people buying these "entry-level" cameras won't go past the included lens, and getting it for free is a big bonus.