The fishing area is cute, and is a nice addition to an existing house where you can practice fishing. But the armor and wand included are weaker than the ones I was already wearing. I was wearing the Hawkrider's outfit at level 50 and the Fisherman's outfit at level 60 made me weaker! Significantly. If you purchase armor or equipment at the Crowns store, you get to see what the stats are. There is no easy way to see what the potential stats of equipment or the pet of any bundle will be. And once you purchase and activate a bundle (even online through the Wizard101 site, like I did), customer service won't do anything for you. All sales are final, buyer beware.
Since there's no easy or obvious way to compare stats on bundle equipment (or pets) to what you already have, I highly recommend just buying crowns and purchasing individually from the Crown shop. Learn from my mistake and don't waste your money on bundles (unless you really want the house/pet/mount that you can't otherwise get).
Re: Mystic Fishing Bundle is a HUGE disappointment
No arguing there. The picture on the bundle doesn't even look slightly attractive. It's probably why it's the least expensive online bundle, and has been for awhile.