I don't intend to review the book per se - I'll only say that I generally like the layout and the fluff contained within the book. The crunch is, of course, obsolete now, but that's why there's a conversion PDF included, which is where I'd like to focus my review.
One can justifiably ask: Well, what is there to convert? Pretty much all the crunch is already updated in the 2.0 Core, so the conversation document focussed on getting the original Departments and the sample NPCs converted. The other big part of the conversation PDF is a sort of "conversation guide" to help you bring a 1.0 character into the 2.0 mechanics by providing tables for experience, skills and feats (classes are mentioned, but these are mostly 1:1 anyway). I guess these tables will be standard for future releases of the splatbooks with convert-able crunch - I hope we'll get some of the subsystems (like Presence) addressed.
For those of us who already have the hardcover, you're basically just buying this for the searchability of the main book and the conversation notes. The Crafty team has already explained their reasoning for not selling the conversation PDFs seperately, and I can see their point (after all, they do need to make money) - so I'm not aiming to complain on that front. I am saying, however, that this is a better deal for those who never bothered with the 1.0 books back then and want to check them out now.
I'm going for an overall rating of four on this one - presentation is good to great as usual, but the main appeal of this set is the fluff in the main book and the conversion PDF, with the (rich) crunch of the main book merely vestigal. The whole product falls squarely into the curiosity/nostalgia slot for me.
[4 of 5 Stars!]