I dunno, I prefer a more hands-on approach, at least for now. Also, it looks like the 2060 fund invests in Investor class funds, not Admiral class, so you have higher fees built in than if you hand-rolled.
You could always just buy the Admiral versions of those same funds in those same proportions and pay a lot less, then adjust annually. But that's if, as MarkBike says, you want to do the deep dive into learning all the ins and outs yourself. Personally, I enjoy that stuff, though I've still got a long way to go. Although, seriously, you wouldn't need to educate yourself much just to match what the 2060 fund is already doing, and pay lower fees as long as you've got at least $10k in each fund. *shrug*
If you want to just set it & forget it, and you're comfortable with how those timed funds adjust over time, then this seems like a good option.