That's the exact unit I have at school right now. I've used it for stick, MIG, and TIG. Unfortunately, I'd also have to get a tank, regulator, MIG torch, TIG torch, electrodes, a wire feeder, and a foot peddle to round out the rig.
This is more realistically what I will get:
http://www.mylincolnelectric.com/Catalog/equipmentdatasheet.aspx?p=55733
BTW, your link just takes you to the Canadian Tire home page, what model are you looking at?