mitchdb,
First thing that popped into my head when I read your post was "does he have a tow vehicle that will pull this outfit", but it appears you do. Second thing, are the 3 point implements all JD or a good brand like Woods, Frontier, etc? Not to knock the less expensive brands like KK, etc. but there is quite a price difference between implements. If they are a good quality the price you quote is seems reasonable.
A few points, while the 790 is one of the best entry level tractors to be found, I have read posts in this forum that stated the engine displacement had been reduced from the original 91 ci. Second, be sure the driving position of the tractor is comfortable for you, I sat on one while shopping and felt somewhat cramped, for me it was awkward to use some of the controls. Third, if the trailer has no spare tire, try to have one included in the deal. They are usually at least $90 extra for a bias ply, more for a radial ply spare.
Fourth, if you do buy the package deal, be sure you have insurance coverage for the tractor ITSELF before you pull it off the lot. Good luck, wish I had found a deal like this.