No it is not in its current state... It has become a dumping grounds of free offers to help the poster build their list. A lot of products are outdated and no longer work. It was a great value when it was $20.00 but at the current price it is not worth.

Most newbies would be overwhelmed with the amount of stuff in there. They will end up with information overload.

To the op it was a good place to at one time to find free information that could help your business. You could find plugins, link building tool, How to guides, etc... But a lot of things have changed over time and they no longer apply now a days. You would be better off digging for the golden nuggets that exist in the main forum.