No way, go for it, DS got his at 1 yr! It is a gift that lasts and lasts, still very popular! Cousins as old as 10 yrs will play with N in his kitchen. We also bought him some Rubbermaid tower storage bins, so they could be like extra cupboards/drawers to put all his cutlery/cooking utensils, fake food etc in. Great for busy LO's who like to do things the adults do! We brought it outside this summer under cover so he could play with it there this year, which was great as he had his play cottage, bbq play set along with it and felt he had his own house/restaurant/hotel/pizza shop etc...hours of play. Neighbour kids come over and they have a blast with the set up now.
I love it too and play quite a bit with DS with it. We bought a Step 2 and I am sure they have great ones as well now. Ours has a clock, light, phone, cupboards, drawers, fridge, microwave, stove/hob, oven all with sound effects.
A x