Of course! I think the bundle is a great addition to vanilla minecraft.
You also shouldn't get it early on in the game though.
It's good that rabbit hides finally would gain one more use, also because rabbits only spawn in 4 biomes if I recall correctly, most usually at deserts I have seen them and a snow biome.
This is great because it doesn't always make bundles easy to get depending on the seed really.
You have to look for the right biome.
Although if you spawn in a desert, the snow biome or some other one where rabbits spawn you just have an early item like this.
Quite useful either way.