The SM58 is a solid classic. It is a microphone we buy as much for its ruggedness as for its sound. The stand is semi-flimsy with short legs that makes the boom arm less usefull. K&M makes a lot of stands which are better - but more expensive too. The cable looks to last longer than the average cheap cable. The microphone holder seams a bit small for the microphone. The packaging is kind of poor, and the microphone pouch is quite thin. It protects against scratches, but I will not trust it to protect the microphone against dents. Luckily the SM58 trademark is, that they work despite dents.
When rating, you can choose to take price into account - or only to take quality into account. I'd give the bundle 4,5 stars in value for money. But there is no magic in this. The quality is not 4,5.