It seems to me that IQ wise it will be similar to the 18-55 but with the benefit of better build, a bit of useful range and crucially a non-rotating front element. I'd say it's a good move. All of these Nikon kit lenses seem to be well regarded.
I just sold one on here the other day. I only sold it as I had upgraded to a 18-200 vr2 and also have just bought a D700 so needed to help pay that off. I thought it was a great sharp lens but that's only my opinion I have seen other people not so keen on it.
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