Bag is solid and doesn't look like it's going to get damaged any time soon. I bought the 4ft bag but I'm starting to wish I got the 5ft one so I could kick it. The gloves that came with it were of surprisingly high quality, though I am going to have to buy a new pair because these ones don't offer enough thumb protection for my disproportionate claws. The keyring's probably way too big to actually put on your keys, but everything else is good. The rope is plastic so if you mess up and hit yourself it does hurt but I guess that just encourages you to get better!
I'd definitely recommend this product, even with the fairly high postage and packaging costs. For the money, it's definitely worth it and if you've never boxed it's a great way to try something new and can be a pretty good workout.
Oh, I nearly forgot. I bought the ceiling bolt package so I could move around it more and it's actually quite low (due to the length of the chains), so I'm going to have to do some adjusting with my friend's tools. If you don't have access to them and a low ceiling, you might want to take that into account. It's not unusable, just not at the ideal height.