This purchase is for:

- a single 3 gram applicator of GD900 thermal paste. 
- a small plastic spreader for applying the thermal paste. 

3 gram of thermal paste is enough to do 4+ consoles depending on how heavy you apply it and how much waste you have. 

If you are only planning to do 1-2 consoles, then go pick up the smaller 1g size. 

If you are planning to do 3+ consoles, pick up this bigger 3 gram size. 

Does this thermal paste suck??? 

In summary, no.  From my research it seems that it is slightly better in performance than Arctic MX-4 paste.  

In some circles there is the suggestion that the paste dries out and should be replaced annually, I haven't used this paste long enough to really know for myself yet.

What I can tell you is that my personal 3 RGH'd Xbox 360's are all running with this paste and its working nicely.