Cool. This is a clear attempt to introduce a more efficient, less expensive complete set into the market, which is great. And it's coming the same day as S4. Exactly what should have transpired a year ago.
One concern: neither of these sets appear to include replica material. Based on the new, smaller design of the complete set, it probably couldn't include the full-sized reproduction of the Michael Frith poster.
Either way, it's nice they're going to this sort of effort at all. And it's also nice to know Henson is able to re-issue all the bonus material without HIT.