How much are the wands alone? I already have the camera.
$50 apiece, I was in the same boat, so I picked stuff up ala carte. The bundle is a pretty good way to go, otherwise, but it's not worth getting if you don't need the camera.
Just got done with trying out Archery, Table Tennis, and Gladiator Duel in Sports Champions and some Kung Fu Rider. The precision in all three of the games on Sports Champions is really impressive- Archery is pretty much dead-on to your actual movements (amazing how fast your arms get tired mocking holding up a bow with both hands, pulling an arrow out of a quiver, put the shot together, then draw the arrow back, aim, everything); Table Tennis is pretty much perfect in its recreation of your angle of the shot and the spin it puts on the ball, really fun to shape shots and watch the ball react just like it does in real life; and Gladiator Duel is nearly 1:1 in what you do with your "sword" and "shield."
Then Kung Fu Rider is, um, quirky. Arcade fun, I guess, but the motion controls aren't too sharp. They feel like it's just recognizing a motion input, period, and translating that, not the extent of the motion and the unique characteristics of it, like in Sports Champions. It's hard as hell, partially due to the bad controls, partially due to bad level design.
Also got Eyepet, haven't tried that yet, since I've been up since 4 this morning, I'm too tired to play anything else.
The stuff on Sports Champions works far better than anything on the Wii. Had to mention that.