I guess this is a time/money/quality tradeoff. I think you should just find the extra 40 minutes in your day, do a standard 60 minute boil, and probably pay less for such ingredients.
I just drank a no-boil extract beer that I recieved for Christmas. I didn't want to take it back, since I got it from my daughter. I added a pound of DME, heated to 180 and added an ounce of hops if I remember right.
It's not bad!
I have better, but its better than 90% of store bought beer.