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$3 a box isn't bad. I believe that they usually sell for $10 a box in stores like Wal Mart.
You might pull an auto or something. They're great for rookies and numbered cards. I've had good success with numbered cards from Score blasters in the pas, 1-2 a box. Never pulled an auto though.
I always enjoyed ripping though. Not just for the heap of rookies, but the insert/parallels, and getting cards of guys from the teams I collect that don't appear in the smaller sets.
If you just want to have fun opening a lot of packs,or like to put together sets and/or just have base rc's of all the rookies - then it is a good buy.
Personally I'd just assume buy a box of the 08 contenders (if they still have any left) for a few more bucks and know I'm getting 4 auto's, but then again I have boxes of commons and base rc's as it is.