I read this to my 4-year-old daughter, and we both thought it was funny. The story parallels the original as far as the bones of the story go: she has an evil stepmother who hires a huntsman to get rid of her, he chickens out, Snow/Schmoe White is set free and runs away, ends up bunking with 7 little men, evil stepmother finds out and goes about killing the girl herself, a prince comes to save her.
While the driving force of the plot remains the same, the author has created his own story by changing the time to modern day; what the characters are busy doing beginning with the time Schmoe White finds the dorfs cottage; and of course the tone of the story from a rather morbid one to a light-hearted, humorous, and slightly irreverent one.