Hi Dinesh,
My opinion would be to forgo the Circular saw and make your rough cuts in the MDF with the Bosch Jigsaw. Bosch makes very good Jigsaws and if you set it to the aggressive cut option, it should cut through the MDF in very little time. Then run it through the Table saw to make your finish cut. I have a Bosch Jigsaw and it can produce cuts that don't even need to be cleaned up on the Jointer or T-saw.
Use good sharp blades, I use Bosch, but there are better more expensive ones out there.
I personally don't know any fine-woodworkers who use a Circular saw.
With all that said, I also realize that you may have limited space and that the size of the T-saw tabletop may limit your cuts. Can you add extension wings to the T-saw? Can you use the Miter saw stand as an infeed or outfeed stand?
I would suggest buying a long straight-edge or tool guide. The one I use, I bought 30 years ago from a flooring installers supply house. It's just a piece of flat
steel 1/8th" by 4" by 6 feet. You could also just get something like that at a metal supply house, and then clean up the edges with a good bastard file. For me, I would never use a straight-edge and hand held saw for a finish cut, so my straight-edge doesn't need to be 100% true thru the entire length of the 6'.
You have a nice collection of tools to start with.
I wouldn't trust the Carpenter Square. It may be fine for construction work but I would run a series of truing tests to double check it.
The Freud Blade is a good all-around blade, just check it with a dial gauge to be sure it's true.
When a table saw is set-up correctly, it should produce a cut that is glass smooth and ready for glue up. I would also check the T-saw arbor to make sure it is true. I have yet to see a construction grade T-saw with an arbor that hasn't needed to be trued up a little.
I like your choice for the Hitachi router, I prefer more horsepower and the dual base. If your only buying to cut circles in MDF and general woodworking then the Milwaukee will do just fine. But if you'll be using it down-the-road on unknown projects then it never hurts to have that extra horsepower from the Hitachi. But as I said, the Milwaukee will do just fine and is a better price.
I cut my circles out with a 35 year old 1hp Black & Decker!
As far as router bits go, I don't like the kits, I never end up using most of the bits because they're too small. I buy them one at a time and have been very pleased with the ones I got from
http://www.grizzlyindustrial.com/.
Grizzly also has a very good selection of clamps. Check all the various woodworking suppliers for clamps, someone is bound to have a sale going on. Rockler, Peachtree, Grizzly, etc.
The one tool I would also suggest getting is a drafting triangle, similar to this
http://www.artsuppliesonline.com/catalog.cfm?cata_id=5384 or this
http://www.artsuppliesonline.com/catalog.cfm?cata_id=9402. I just pulled these up online to show an image and don't know anything about the mfg. It is invaluable for truing up your saw blades and cuts and drawings. But don't buy an inking one, an inking one has a bevel all around the edge and can allow a slight amount of wobble when using a pencil.
Keep your joints accurate. Any inaccuracy in the beginning will only be amplified as you work thru the box.
I think your on the right track when you said "I have also learnt to be patient with the tools".
Take your time, think it out, and be patient, and above all, be safe.
Good luck,
PS, I almost forgot, measure twice, and I'm not kidding!
Carlos