Sounds good. They will wear out faster, but then you can stash money away and start changing gear out. I think I paid close to $400 for just my RST jacket, so it's a good deal price-wise! For textiles, IMO the best brand is Rukka. But I think it would cost half the value of my street triple to gear myself up in their kit! I have Rukka gloves though and they are excellent.
For helmets you're mostly paying for comfort or weight over a certain price point. If you have a round head, try an Arai. But be warned, you'll not want to go back to cheaper brands if you do
AGV and HJC make some good lids at affordable prices. Really the most important thing is that it fits properly.
New Tiger Sport:
It looks... meh. Hopefully looks a bit nicer in person at the bike show this weekend. It does have ride by wire, traction control and a slipper clutch though, along with that 1050cc triple. That exhaust looks almost archaic