Can you give a link to it, or is it in a brick-and-mortar store? How much does this bundle cost?
The only software that I know anything about is Photoshop Elements. Photoshop Elements is up to version 13 now, and is only $90.00 so version 10 is quite outdated.
Logo Design Studio I have never heard of, but you can buy it on Amazon for $30.00. However, I would advise you to take a look at the reviews there on Amazon, most people don’t seem to have a very high opinion of the software.
Paint it seems to be software that will turn your photo into a painting. I assume it is Corel Paint It! available here on Amazon for $40.70 It looks like the reviews are a bit better for it…
I personally would recommend you just go for Photoshop Elements. You can do everything that the other 2 software do with Photoshop, it might just be a bit more involved. More than likely you will find a good deal on it during the Black Friday sales. You can keep an eye on sales on photo-related items here: http://www.the-digital-picture.com/News/