I have been using Rails for going on two years now, but have a penchant for accumulating books on subjects that interest me. I tore into this book the day that it was delivered, and was not disappointed. Very well written, and informative. I picked up a few kernals here and there from the book ( remember, I'm not a total newbie ), which made it worth the money.
If you are not familiar with web development in general, this book alone will not help you. You'll need a basic grasp of the fundamentals: (X)HTML, the general way web development client-side and server-side work, basic data base knowledge. Nothing earth shattering, but none of these things are covered. Though there is a small crash course on the Ruby language, you'd do well to get a beginning book on it as well, for better understanding, though the author does describe what his code does.
The book does what it's charter describes well. It can bring you up to speed with the basics of Rails. I liked it, and recommend it.