Its good to hear that people on here are here to help each other out, and not to make a buck of others.
If the setup is in great shape - I would have to say you probably have a little wiggle room- but not a bad deal.
The bindings are different from 05 and 06.
I have seen the boots on closeout sale now for $80 (
http://www.buywake.com/catalog/shopbybrand/Hyperlite/bindings?view=all).
I know 2-guys who love those bindings and still wear them (and they have no problem forking over $ for new apperal).