This has been a long-delayed product, but I found it to be worth the wait. I was pleasantly surprised by how nice the slipcase was and it arrived here in the U.S. undamaged, which is not always the case. I had to order this from AmazonUK because AmazonUS cancelled the product, several times. And I wasn't going to wait for them to actually get it in stock. Because frequently many of the Tolkien offerings from AmazonUK never end up here in the U.S. To me, it's well worth international shipping.
As others have mentioned, the first edition of The Hobbit is not within most folks budget and so I was quite excited to see this offered many years ago. I'm not sure I am going to actual pore over it and check to see what the differences between the first edition and subsequent ones (Rateliff's The History of the Hobbit does that). But just to look at it and page through it is worth the purchase price.
It is a wonderful addition to my bookcase!