Beautiful, per the normal White Wolf approach to book making. The PDF is original digital format so it is a perfect, searchable copy. There are sufficient bookmarks to navigate so the book is fully functional.
White Wolf makes beautiful books. This one, like the other core books (Requiem, Changeling, etc) all work off of the (new) World of Darkness book. It is a good system but there are many who think it is too simplified. I, for one, think it is the best version of the WW dice pool system anyone could have come up with. It's slick and fast.
The setting is much different than the Werewolf you remember. Like Requiem is for Vampire, this book is a new game for Werewolf. It is not an expansion or a new edition, it is a new game with familiar themes.
[5 of 5 Stars!]