Your link took many tries to open maybe because it is at the other side of MARs (in India?).
That electronic circuit will work fine to control a multi-rotor helicopter but first you must learn how to use it.

 

That should be perfect. Shop around though, it seems a bit expensive.
This one is about half the price, but it's missing the compass and might be a bit more complex to use:
http://www.sparkfun.com/products/10121
I don't think the compass is vital if you want it to be radio controlled, it would be needed for a fully autonomous vehicle.

 

Link works fine for me, must be a problem in Canada.

 

Canada has communications that usually work perfectly around the world.
I had a problem with a Microsoft update for Windows XP so I phoned the local Microsoft office 5km away. They transferred me to a technician, a girl in India who spoke perfect English, knew exactly about my problem and had a fix for it.

 

Ohh, I thought it was Rs 700/. but it is Rs 7,000/...!!