Yes, it has colour pictures but.....
Sadly the original layout of separating into type (e.g. Jet, Swept Wings, rear Engines) has been abandoned in favour of alphabetical listings.
This is supposed to be a recognition guide but, unfortunately, planes don't fly over in alphabetical order - in order to identify an aircraft you now have to plough through the whole of the book on the offchance you will come across the right one.
It is no longer a recognition guide - simply a book of planes.
In a word, Pants.
EDIT - I notice that a lot of the earlier reveiws (the glowing ones - some more than 9 years ago) seem to refer to previous editions of this book - i.e. when it was still a useful guide. This seems a less than helpful to those buying the new edition!