Even though I've only owned a couple of Fender guitars, I couldn't resist this book when I saw it at my local bookstore (I own the orginal 96 page edition). Although it may not have the most minute detail (even though I was able to find within in its pages the answers to some questions posed by a somewhat more critical customer reviewer), there is a great deal to recommend this book.
The first thing you will notice is the remarkable photography. It is absolutely top-notch, and is in keeping with other books of this "series", such as "The Ultimate Guitar Book". The detail is remarkable. Some of the photographed instruments may be fairly common, but there are also plenty of historically significant and/or rare intstruments included as well. Even commercially unsuccessful instruments are here in all their dubious glory (when was the last time anyone's seen a Montego II or Swinger?). The photographs are arranged well, and are mixed with a great selection of past advertisements and company photos. The text is well written and easy to follow. If anything, it gives a Fender a little TOO much credit for some offbeat ideas (some found the colorful Wildwood finish more ugly than "striking"). While the text may not always provide the obsessive detail that some may desire, there IS a fine reference section that includes a great deal of model-by-model information on such things as pickguard changes and neck-bolt configuration.
A look at the bibliography does two things. It shows that the author did his homework and sought out as many experts as possible and a fantastic array of intruments to photograph. It also gives the reader a list of printed resources for additional research.
I'm not sure if ANY book will please everybody. If, however, you're any kind of a fan of Fender guitars (or even just a fan of electric guitars in general), this book should please you (and as they say on TV, it makes a perfect gift!).