The fact it's all TOGETHER is what makes it on my list. Considering the Anime DVD alone could be sold for 20 bucks, everything else is delicious frosting on the cake.
And I wouldn't complain about DLC that gives you CHOICES. That's a great thing. This games Collectors set gives you almost everything you could want from a C.E: Physical items, Items that have a purpose in game, something to listen to while on the road, away from the game, A little Trophy figurine to remind you of it all... It all actually seems like a worthwhile value.
I do hope, however, that additional costumes are cheap, but y'know what? Not having every costume Insta-accessable is pretty decent. You will be able to tell that MOST people who have bonus outfits are ones who are a BIT more into SFIV than the average person. If their presence helps me figure out how to start a match, with either a big-damage unsafe move, VS a low damage, safe alternative, then it's worth it! XD
Unless you have no concern for the Animation or Music (which is probably the stuff worth the most bank), then I think this C.E is one of the best put together, ever. If you don't value either of those... I think the set has significantly less value to you, and probably really isn't worth it.
(But this IS CAG.... I guess you could always piecemeal the elements, and then sell them off... which probably makes the "bonus" DLC free, since this seems to be the only way to get the DVD. It'll probably fetch a premium.)