Hey Eagle Eye,
I was actually looking at this recently for a friends build (who really feels the same way).
Legit Reviews - Coolit Domino A.L.C. Water Cooler Review - Water Cooling For Just $79
Thats a good review of the Item in question. I would take there advice and bolt the unit to the back (no mods required) rather than using those rubber pieces.
Other than that, for the price, its how DIY kits should have been made.
I hope the other companies out there are listening. *cough* Thermaltake *cough*
If you get it, and hook it up, let us know how it works out!
Best Regards,
ST
P.S. - Linus, you never did respond back to my PM lol!