Nut-job Lego-loving parent here. Ignore my star rating. I don't get free Lego for these reviews...
This set arrived on the market in December of 2013. MSRP is 17.99. It is often wise to cross check with Lego on price and availability.
A fantastic little set at a good price, Lego has a real winner here. While the set is not large enough to hold mini figures, it is large enough that kids can imagine they are the same scale. There are three designs in this set (you can build one at a time): a tilt-rotor, a helicopter, and a biplane. The main set is the tilt-rotor, and it is very good, but the second and third designs are winners as well. Kids will have a great time building the sets, all of which feature general purpose pieces (see below) and they all have great playability. The tilt rotor has rotating engines/rotors, just like the V-22, as well as a small loading ramp in the rear. I would have liked to have seen better wheels on the set, since these don't roll very well. I think this could very well be one of those little sets that a child remembers long past their youth.
This is from the Creator series. I always encourage parents to keep on eye on this line because the models come with multiple designs and they use lots of general purpose pieces instead of single-purpose pieces (e.g., a giant wall element that can only be... a wall). These designs are closer to what Lego sold when I was little, but the building techniques have advanced considerably. Kids can learn a lot from these, and with the multiple designs, they are more likely to take them apart and experiment with new designs. These also make great gifts, since they are good collections of bricks that can be made into anything. Don't like the design? Build something else.