Icky,
Give it a go!!
It would take some serious cockups to end up with an unfishable rod!
You will love fishing with something you built, its very rewarding, bit like tying your own flies.
Check out TC's thread, that should keep you out of trouble and maybe some of the rod building forums.
Theres plenty of us to help you along your way but BEWARE it a touch addictive....
If you really dont wanna try it (Chicken) i would say your money would be better spent on a rod with parts carefully chosen by an experienced rod builder than a kit. Kits tend to have rubbish hardware...
Im sure there are a few guys who would build you a real gem on here for a similar price of a kit, P+P, build cost...
But enough of that, thats the easy road for whimps....build it yourself!
Cheers
Trev