A most excellent set. Fine enough design for a set it's size, great playability, and parts none can argue with.
Parts:
Can't ask for more in a set in this price range. Two fully armoured dudes, complete with two different weapons to pull from. The barrier thing also has a good assortment, including the arches.
Design:
Well for a little jousting set, it's perfect. You have the two armoured knights, a barrier to add colour, and a weapons rack that doesn't look all that out of place, compared to other places they have put them. Makes decent enough sense even.
Playability:
Like I said, it's got all you need in a little jousting set. A kid will be, I think, most satisfied with his parent's money's worth. He can have them charge each other, grab more weapons and have at it some more. A perfectly satisfactory design.
Dan

I build, therefore I am.
Brave words coming from a guy called grapenuts.