I just received my copy, but I have not yet used it while traveling.
It looks like this 2007 edition is up to the standards of the classic green guides, dense with cultural information, printed on fine quality paper, and in a wonderful format easy for toting along and reading on a train.
However, it's not vinyl bound as Amazon's listing states...it appears to be a paperback (which is what Michelin's own site admits to). It's just fine for traveling, but while other companies are moving to plasticized bindings that are water proof and wear well after being shoved into backpacks and backpockets, Michelin seems to have taken a small step back. Don't misundertand, the quality of binding is excellent, it would just be a little bit more excellent if the cover were really vinyl. Also, no map is included (as they did with green guides in the old days), but that's not a big loss given the many small but fine maps inside.
This book is a pleasure to hold and read.