This thing is great. It's light, packs down flat (I just transport it in the box K-store shipped it in), and it's low enough to the ground that even the worst marksman won't hit it by accident. You will need to BYO wooden 1x2s, but where I am those only cost about $2 each. It has six different post-holes for the 1x2s, so you can accommodate different sizes of targets (I just stapled some newsprint paper to it and stuck the target to that).
Keep in mind it is very light so you will need to use sandbags or tent stakes to keep it from blowing over.