Yeah what a waste of time, energy and money hey...Trev what were you thinking!
Not a waste of time, energy and money at all. What you're seeing is a prototyping board (veroboard style) that they have populated with a few buffers and LEDS, just to confirm that it's working. Flashing LEDs is a hardware developer's (and embedded software developer's) equivalent of "Hello World!" This is also the first thing that I do when I'm working with a new micro-controller.
Hans