Are you considering it because you think it will be a versatile machine, or because you're limited in space?
If you consider it to be a versatile machine, well, yes, but it's not really a great lathe, and it's not really a good mill.
In truth, if you're not limited to space, keep an eye on the local for-sale ads (bargain hunter, kijiji/craiglist,etc) and you'll have a good deal on both a lathe and mill drop into your lap.
I have a friend who has a Smithy, from which he produces some oustanding work, despite the limitations of the equipment.
He's had to do some very creative setups to get things to work right.
Also, you'll notice that their accessory packages are kinda spendy...
YMMV, but if you have the space, and the patience, the right machines can be had for equivalent money.
NS