This book is just filled with absolutely gorgeous patterns. I have recently made the "alphabet block" baby blanket as a gift for a friend's new baby, and though it took quite a long time to make, the results were well worth the effort. I
The pros of this book include some very original, colorful, and beautiful projects that everyone will "ooooh" and "aaaah" over. Elaborately embroidered sweaters, a beaded fair-isle cardigan with matching mary-jane style shoes, textured sweaters, striped jackets, and so forth.
However, I will say that this level of beauty and complexity does not come without some price. Rather than just relaxing with clicking needles in front of the television, I found myself closely following pattern charts with great attention. Most I read over several times before beginning the project, and made certain to read through again while doing any given step.
But I fully agree with previous knitters that the projects are lovely, and can definitely be adapted (particularly the blankets) with less expensive yarns.
I would whole-heartedly recommend this book for those looking to make baby clothing and gifts with a little more "flair", rather than some of the boxier, more simplistic baby things featured in "beginner" books. And while I don't think that any of the patterns are necessarily overly difficult per se, I would not get this as a first knitting book by any means. If you've made a few projects before, and are looking for a greater challenge, and/or to make something really special, then this book is for you.