If you like Star Trek, and you like Peter David, you can't go wrong with this book or the rest of the series. I was hooked on David's writing through his classic "Grey Hulk" series of Marvel Comics. I find his writing stands out from the crowd (though they did bring in some good writers for the original Trek book series).
The New Frontier, Book One, is classically organized, developing the characters in their individual threads and then bringing them together for the new ship through the first four books. There's very nice balance, and the comics, er books, have a little more leeway with asides you don't get in the TV shows or movies. The time and place is set around the time of the Next Generation, with Jean-Luc Picard and even Spock putting in an appearance.
Just to be clear -- this book reads like a comic book, or like a Star Trek episode. It's pure pulp, but pulp of the highest order. One word of warning: this "book" is barely novella length; it takes about an hour to read, and that's if you read the funny parts twice.