It is not Bertie and Jeeves or Lord Emsworth, so don't expect high farce in country houses with added aunts or pigs. I'm not a Wodehouse expert so I'm really not sure who he wrote this for--schoolboys perhaps, probably not middle-aged women like me but I do find it charming. It's sort of a counterpart to girls' boarding school novels but gently funny and good-hearted.
Mike and Psmith meet at a minor public school where they've been sent after failing to shine academically at major public schools (Psmith is ex-Eton). Mike seems a typical middle-class boy who plays cricket and life with a straight bat whilst Psmith is just very strange but compelling, so they make a good pairing, who are going to come through regardless.
They have the usual scrapes with fellow pupils and fights in the dorm and run-ins with comic school masters--there's some dog painting and quite a lot of cricket. Psmith, who is as urbane as he is immaculate in all things--as well as being a Socialist (perhaps that's why he has had to leave Eton-a rebel like the poet Shelley before him) wafts through these minor adventures with poise and elegance, but ever ready to deploy his considerable tactical nouse to out-wit all and sundry for the benefit of everyone, but mostly himself (and Mike, of course).
Mike and Psmith turned out to be ideal holiday companions for me--easy to be with and undemanding. But I can imagine other readers might find the whole thing very dated and not worth bothering with or think it a Wodehousian blip. For myself, I think Psmith is an interesting character and he gets a chance to really shine in 'Leave it to Psmith' when he side-steps faultlessly into the world of Blandings to make his mark.
As a final thought I'm not sure who the lady is in the red dress on the cover! Matron? Psmith in his down-time? Curious, but all the other Psmith and Mike books in this series are so adorned as if they are high romances. One for Rosie M. Banks, I think.