What I think about it depends on how you're going to use it and for how long you think this kit will have to last you. If it's your only medical kit on you, then I like the NAR BATTLE PACK™ FIRST AID KIT but would add to it:

More 1x3 Fabric bandaids (J&J or Swift brand) 10 total
More knuckle and Fingertip fabric bandaids 5 each (If lacking room, add the knuckle ones)
2 Steristrips (or 5 of the Bandaid equivalent)
Small tweezers
5-10 Povidone Iodine pads
10 Triple antibiotic packets (or a small tube).. I prefer the packets
2-3 burn dressing packets
No tape? Add tape
and you have no meds at all... I tend to get an upset stomach under stress or when not eating properly so I'd add
Immodium 5
Pepto Bismol tablets 12-24
Tylenol packets 5 (10 tablets total)
Motrin packets 5 (10 tablets total)
Cough drops 5 (they fit in the cracks and make you feel so much better)
Modify the amounts depending on room. I have been amazed at how much I can pack into a med kit. I originally started creating med kits with Trauma and cuts in mind. I added even small packets of sutures (they can double to sew up equipment) but I quickly realized I'll also likely need pain relief and more "ordinary" medicines. A small bottle of Visine is a good idea if it will fit.
If I'm walking I'll have blisters (Added Moleskin), and intestinal issues can quickly dehydrate you under the best circumstances... so Immodium is in all my kits too (regardless of how small..)
A few electolyte packets would also be useful.
Any prescription meds you want to add (antibiotics, pain killers, meds you normally take).

You could also trade the 71/2 shear for 51/2 ones and save some bulk (the 71/2 are very large). Some friends of mine have either used 2 packets of meds or have pulled their meds (out of larger bottles) and then put them all in one small Nalgene bottle (waterproof).

I like the idea that the kit would strap to you (or easily to the outside of a small backpack). For the amount of trauma material you get it is a bit expensive (I prefer to buy larger quanities, make a large kit and use the extras for my smaller kits)... but if you're going to buy a kit to start with this one looks interesting (in how it's organized), and so far I've been happy with the quality of everything I've gotten from BQ.