What is good: The bindings of these deluxe books are much better than the standard, cheaper printings. And the cover is much nicer (though leather would have been even better). The paper quality is also better. Lastly, and most importantly, these books contain updates/corrections to the rules that the standard printings do not yet include.
What is bad: The ink on the pages of these books still smears, just like the cheaper printings. This alone causes me to knock off a full two stars from the rating. Paying this much money, I expect them to be of perfect quality... and running my fingers across the ink and having them smear is just inexcusable. I only had one other trivial complaint (and no I did not knock off any stars because of this). The gilt edges stick together when you first get them. I fail to see how the gilt makes them look any better and I had to carefully separate them upon my first reading to assure I caused no damage. Without the ink-smearing debacle I would have otherwise given these books a 5 star rating.