Living in an apartment in the city, I used to have a regular acoustic drum kit, but wasn't a fan of the neighbors, who called the cops on me more than once. I sold the kit and used the money to buy this electronic kit on the recommendation of a friend. I'm so glad I did! This is a great value for the money, and is perfect for apartment living. It's compact (taking up MUCH less space than the old acoustic kit), and even folds up if you need to stick it in a closet. It's got 32-preset kits, over 200 unique drum sounds, a metronome, pre-loaded songs (which you can remove the drum track or isolate the bass to play along with), and several unique features to help you improve your playing. The pads have a nice feel, with solid rebound, very similar to an acoustic kit. It even comes with a bass pedal -- a $70 value.
You'll need an external amp to generate sound, but it also has a headphone jack if you want to jam into the night and not get a visit from the police. It has an aux input for a cd or mp3 player, so you can play along with your favorite songs as well.
If you're a serious drummer, you're gonna want an acoustic kit. But this is a great practice kit, or a great kit for people who live in a city apartment (like me). I can't say enough about this kit. Great value, a great product.