There are some excellent reviews of the product's contents below this one, I'll let them speak for themselves (short version: if you want Requiem in your Masquerade, Masquerade in your Requiem, or to run one game with the rules of the other, get this). I just bought the Print-on-Demand version of this book, so that's what I'll be reviewing here:
In short, it's lovely. The PoD book is full-color, with paper that feels rich and slick to the touch, but isn't glossy or cheap magazine-paper. It's a slim but sturdy book with a real binding--no staples. The colors are vivid and pop out, especially the red wash at the margins-- and the margins themselves are very clean. No dead white space around the edge or anything. It looks like traditional print.
Anyone with worries about print-on-demand quality, forget about them. The serial page added to the back of the book is the only giveaway that this wasn't printed by traditional means. I've gotten similarly-sized products from Lulu before, and this is markedly better quality.
[5 of 5 Stars!]