This is not, by far, the best of Disney. The three animated shorts that were originally stitched together to make "The Many Adventures of Winnie the Pooh" date from the late 1960's to the early 1970's, not a vintage Disney era, and it shows. The animation, while miles above TV-quality fare, isn't particularly good compared to the earlier Disney classics, there are several rather careless holes in the dialogue and plot, and the whole storybook motif is overdone to the point that a rather important plot element (Tigger getting down from the tree) depends entirely upon the narrator. True purists are also appalled at the changes Disney wrought upon A.A. Milne and Ernest Shepard's original characters.
For my part, I think the Disney animators did as good a job here of maintaining the general atmosphere of the original Milne stories as was ever done--the modern efforts don't even come close, and actually reduce the Pooh characters to a status on a par with just about anything else. I also have a sentimental attachment to the original Disney shorts, since I basically grew up watching them occasionally on TV. These are gentle stories that will appeal to a wide range of ages, from extremely young (my daughter has been watching them since before she could speak) to late adolescence. The plot consists of a number of rather underwhelming and pointless events in the lives of a number of stuffed animals inhabiting the "Hundred Acre Wood," which is rather refreshing from Disney, actually: no pandering, no didacticism, just (as Homer Simpson might say) "a bunch of stuff that happens." The music is occasionally memorable as well; if, after countless viewings demanded by your child(ren), you don't have Pooh's "up-down" song, or "Little Black Raincloud," or the title song, or for that matter "The Wonderful Thing About Tiggers" running pleasantly through your head, you have no head for music at all.
I have never been particularly impressed with the "extras" included with most DVDs, but in this case the folks at Disney have included the fourth theatrical short, "A Day for Eeyore," which is a very nice bonus, especially since prior to this release one had to buy each short separately on videotape. The short itself is a bit shocking, though, since the voices, with the exception of Tigger, are radically different.
Overall, a nice single-disc package of "classic" Disney Pooh, and something you can show your child(ren) without fear or guilt.