First off, this book is so tiny you can hardly appreciate the artwork. It has a 'pocket story' feel, not the type of book you plan to pass down. The story is classic, most of us know it. It is well-enough written, but of course has a few changes to the original. But what makes this genre of books special is the artwork.
I highly suggest the Mercer version of Beauty and the Beast. It too has some changes to the story, but the writting comes across more magically, not just relaying a story. And the watercolor artwork is very interesting to look at, and the book is an appropriate size to help showcase the artwork. I really love the Mercer book, but figured I'd check this one out too.
Another problem with this little book aside from the tiny pictures is that although Beauty as a redhead is lovely, the beast is a handsome lion. He doesn't look ugly at all, just looks like a lion. But the nature of the story is that she falls in love with the beast that she at first found ugly. It is harder to fall in love with a beast that is not only a beast, but is an ugly beast. The Mercer version shows an uglier and scarier looking beast, which adds to the story. Also, in this little book, I was very surprised to see the prince that the beast turns into at the end, looking straight from 1986 with his mullet and mustache-- yuck! Beauty's own father is ten times better looking! The beast is supposed to turn into a very handsome price, but in this case I'd practically prefer the lion over this guy!
Check out the magical Mercer version-- you won't regret that one.