Y'know, that actually isn't a bad deal...
You could save some money and build it yourself though.
If you want extra graphics power I highly suggest you try to scrape enough money together for the HD 4670. It will be significantly faster.
I am surprised they give you free liquid cooling. It appears to be an H50 or a similar all in one, which I don't really consider real liquid cooling, but it performs well compared to huge air coolers.