[i speak in math]

2 x 7ft tripods
--7 feet isn't that high. Okay for indoor studio but if you have the room or plan to shoot outdoors, 8-12 ft would be more useful.

2 x 32" white umbrellas
--32" umbrella is suitable for headshots, or busts. Not big enough for full body shots.

2 x 35w light bulbs 6400K
--35w is pretty pitiful and 6400 is running a little warm.

2 x light umbrella holders
1 x Carrying case for tripods
--okay

I wouldn't recommend getting this set. You are going to be disappointed very quickly. Then you buy another cheap setup and be unhappy again. Save up the cash and buy 1 quality setup that you will be happy with and able to use for years. Check out the 1 or 2 light kits from MPEX.

Strobist 2 light kits

If you have a flash or two, you can order the kit without the strobes for a lot less.

I know they are more expensive, but you will like them more. The light stand are 8", fold down neatly and are air cushioned so your gear won't slam down when you start tearing down. The umbrellas double fold and are very very small when closed down and at 43", they are big enough for any assignment.

I ordered these parts and can't say enough good stuff about them. And MPEX customer service is top notch.

stand:
LumoPro 8' Black A/C Stand
umbrella swivel:
LumoPro LP633 Umbrella Swivel w/ Flash Shoe Adapter
umbrella:
Westcott 43" Collapsible Umbrella White Satin
wireless trigger:
Cactus V4 Radio Slave Set
extra receiver for 2nd flash
Cactus - V4 Radio Slave Receiver