I know it's not the IS Kit lenses but the 75-300mm lens gets quite good reviews.
*Update: Looking at the picture, the 18-55mm is an IS lens*
Twin Lens Kit contains:
Canon EOS 500D + EF-S 18-55mm f/3.5-5.6 DC Lens
Canon EF-S 75-300mm f/4-5.6 III DC Lens
The Canon EOS 500D
The 15.1 megapixel EOS 500D offers full HD video shooting, exceptional low-light performance, 3.0-inch clear view LCD with live view, 3.4fps shooting and near instant start-up.
15 Megapixels CMOS sensor
3.0-inch LCD Screen
Full HD Movies
3.4 Frames Per Second
9 Point AF System
High ISO for Great Low Light Performance
Digic 4 Processor for Advanced Noise Reduction
The following information is detailed on Canon's website:http://www.canon.co.uk
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15.1 MP CMOS sensor
Ideal for those who want to create large, poster-size prints – or crop images to perfection without losing any of the detail necessary for printing – Canon’s 15.1MP CMOS sensor is outstanding in low light, and produces images with incredibly low noise.
Full HD movie recording
The EOS 500D combines exceptional still shooting with the ability to shoot Full HD (1080p) video. For occasions when larger amounts of footage need to be stored on a memory card, users can also choose to shoot at 720p or VGA resolution. An HDMI connection allows High Definition playback of footage and images on any HDTV.
High ISO for low light
When light levels fall, the EOS 500D offers an ISO range of up to 3200 – expandable to 12800 for those environments where using flash is undesirable.
3.4fps with up to 170 JPEG burst
The EOS 500D features shooting speeds of up to 3.4fps in continuous bursts of up to 170 large JPEG images (9 RAW).
3.0” Clear View LCD with Live View mode
Detailed checks on images and video are possible with a 3.0” ClearView LCD screen, which features an ultra-high 920,000 dots for increased clarity. Switch to Live View mode and use the real-time visual feed to shoot from awkward angles.
9-point AF system
A high-precision AF system employs 9 AF points AF Points are located throughout the frame to better accommodate off-centre subjects. For accurate focusing with fast aperture lenses, the central AF point features a high sensitivity cross-type sensor, suitable for lenses with an aperture of f/2.8 or faster.
Canon’s DIGIC 4 processor works with the CMOS sensor to deliver 14-bit image processing, for smooth gradations and natural looking colours. DIGIC 4 also powers advanced Noise Reduction when shooting at higher ISO speeds, plus split-second startup times and near-instant image review after shooting.
EOS Integrated Cleaning System
Canon’s built-in dust prevention system offers three ways of guarding images against the effects of dust: reduction of internal dust generation; an in-camera sensor cleaning mechanism; and the ability to map stubborn dust sports for removal with the included Digital Photo Professional software.