I wouldn't buy anything that is cabelas brand, maybe waders, they are nothing but a knock off brand,,, so many products to make so they have to use cheap material so they can afford to keep it in stock, anyone who doesn't agree with this are usually the ones who would never believe in quality gear that lasts. I wouldn't say it's the worst choice you could make, I mean buying a packaged combo would be the worst choice.
W.W. Grigg, if you could get a ride out to Canby, you can get a sweet 5-6wt for $30 right from the factory, you just need a reel, which he also has (I hate his fly reels honestly, lol) for probably under $15, but your better off finding a reel made by Pflueger or a well known company besides Cabelas, the action is super sweet on these rods, and perfect for casting all the way to your backing. Even when you feel you have mastered fly fishing and need top quality gear, you will be proud you still have your Grigg.
Just don't buy Cabelas gear, it usually always fits the budget, but it is so poorly crafted.