The E-100 Rapid Shot has a very good bundle. I'm a bit puzzled by Olympus' bundles sometimes. On the E-100RS, Olympus gets everything right. The 8MB SmartMedia card is fairly skimpy for a camera with this price range - you'll fill it up quickly. In addition to the SmartMedia slot, the camera also has a CompactFlash Type II slot.
Microdrive support seems a bit unclear.
I'd say use the Microdrive at your own risk. The ubiquitous Olympus RM-1 remote control is here too, and it's always welcome. It comes in quite handy as both a remote shutter release, and for playing back photos on the television. Olympus includes a lens cap, but not a strap to keep it attached to the camera. Buy one or you'll risk losing the cap - this thing had a tendency to pop off with the slightest bump.