That's a nice setup, for sure. But it's total overkill for shooting products. Did you work out the cost on the whole kit? I prefer hot lights to strobes because what you see is what you get. Strobes are great for taking pictures of people. But for products that aren't moving they really aren't necessary. One of the guys who posts here sometimes uses strobes because he wants to work faster and doesn't want to have to use a tripod. But they work fine for me.

The 50D is a nice camera - I had one. But if your purpose is studio work, I'd go with a camera that has a tilt-swivel LCD. There aren't a lot of options right now, but I hate *not* having a tilt-swivel LCD in the studio. If you do want that feature, your choices are Sony, Olympus and the Nikon D5000. Or a compact superzoom like the Fujifilm HS10 I already suggested. The 50D is all about speed. You're not gonna need a fast frame rate in the studio. Based on my own experience, I'd recommend the Olympus E-620. It's got a tilt-swivel LCD, image quality is great and it's reall small and light. So if you do want to take it out on the bike or skis, it won't destroy you. I also love the Olympus 12-60mm lens. It's one of my all-time favorite all-purpose lenses.