One thing's for sure - it can't be easy being one of the very first books released which tackles the new application direction of Flash MX. I needed a book which would delve more deeply into using Flash as a front-end for dynamic information, and hoped that this would go into depth on the subject.
Unfortunately, while P.S. Woods obviously has a lot of knowledge to share, this book rambles on, is poorly edited, and in general is very difficult to cull information out of. The code examples are skimmed over even though there are TONS of them available on the book's Web site; a more real-life application direction would have made this a more essential read than it is. As it stands, this almost reads more like a theory book rather than a good, useful resource.
There's also the matter of a couple of unfortunate inclusions, such as the sections on color theory, typography and 3D and Flash, which seem totally out of place in a book purportedly dedicated to "application development". I mean, how many applications are there that require extensive 3D objects? Not many, IMHO.
All in all, while there is some good info here, you'll have to dig for it. I would recommend waiting for some of the other forthcoming Flash MX books and give this one a pass.