Overall, I like the lovely illustrations, large collection of rhymes (some I have never seen before) and creative layout of the words, however my toddler prefers the Lamaze boardbook of Mother Goose with its durable, easy-to-flip pages. Also, the illustrations, though lovely and imaginative, are a bit sophisticated for the youngest readers. For instance, Humpty-Dumpty is not an egg-shaped character but a tiny, faceless, edible white-shelled egg. Jack and Jill are rabbits not children as are most of the other traditionally human characters.
My advice is to buy this book for its extensive collection of rhymes and beautiful and artistic illustrations, BUT you may want a simple, traditional Mother Goose on hand as well for daily reading.
I think it's especially nice that this book contains none of the more ugly and/or overly violent Mother Goose rhymes which sometimes turn up in other collections (those icky ones with lines like "Taffy was a Welshman/Taffy was a cheat", "And whipped her little daughter/For spoiling her nice new clothes", etc.) -- all the rhymes here are ones I really want my son to know.
The illustrations and the layout of the book continue the quality of what children like. The layout gives no more than one rhyme per page. This limits the contents of the book but matches the attention space of the age the book targets. The illustrations are not of humans but of animals in the lineage of Richard Scarry, the Bernsteins, etc. This gives the book a cozy, lap feeling that is age appropriate.
Grandchildren and grandnieces/nephews have all received this book. In all cases it became the Mother Goose of choice for parent and child. That is the best recommendation the book could have.