No, but for a toddler? At that age you don't even know that the little squirt will like hunting/fishing!
But you have increased the odds that he will. More of a legacy than a mattel toy.
True. I have never understood people who spent gratuitous amounts on toddlers' gifts. Most of those toys seem to be made for the buyer rather than the recipient. In my experience, the toddler usually prefers the wrapping paper to the toy.