I think that router would be a good starter router, for the price, what it comes with and what you can do with it.
What will eat you up in costs later is router bits. What most do when starting out is get a mid-range quality router bit set, that has an assortment of router bits in it... And as bits wear out, replacing those bits with quaility bits. I would suggest a carbide tipped set with C4 carbide. I have some leanings on brands, but you would get a better response from members if you posted that as a separate question in the router bit section of this forum.
For a router table, that is a good router set to start out with. For the projects you are saying you want to start out with, you might find that router a bit of overkill, heavy and clumsy to start with. Where you might find a Colt or trim router being enough and more nimble to use.
I've got a number of router tables. Most, I built myself. The one's I built I favor over any I've owned that I bought. They are personal to me and how I work. I could certainly use a store bought table and do what I need to do. Some people and their skill level, I suggest they buy one to start with... but that is to them, personally, what they need to do and their present skill level. I would suggest learning how to use the tool, before building your own. Using a hand-held router will be invaluable in building your own router table. But you need to be able to use it before that point. You will be safer and happier with your work if you build up your skills progressively.
Take your time in learning to use your new router. Practice profiles on scrap before you work up to more expensive woods, like on your project. That way you get an idea how a joint is going to fit together, how a profile is going to look... if you need to tweak your adjustments to get something dialed in... before putting bit to final cuts onto expensive woods.
Remember safety: Not just first, but always. Always keep safety in mind. Any power toll can be dangerous if you don't focus on what you are dong and use without caution and common sense.
Please fill out your profile on what tools you have, your past experience with woodworking and your skill level. It helps members in their recommendations. Otherwise, someone may inadvertently insult someone by explaining in detail to someone who has worked with wood all their life... Or lose someone by telling someone who has never used a tool or possess a skill, assuming that person knows what they are talking about. Some recommendations are geared to the tools and skills you have...
"Don't worry, I saw this work in a cartoon once."
"Usually learning skills and tooling involves a progression of logical steps."
Last edited by MAFoElffen; 08-31-2014 at 12:00 PM.