As far as the content goes, the articles vary from being historical documents to biographies to actual stories. Some of the better readings include Royall Tyler's "The Contrast" and Hannah Webster Foster's "The Coquette". The author of the anthology has provided background information on the authors of the works and historical context on them, which can be helpful for both the casual reader and students creating essays.
As the anthology has only writings from the beginnings of America, there are large sections devoted to the Puritans' arrival and the literature they created. I would consider that a con.
Quality-wise, it's a little difficult to take care of, if one does not respect books and property. It has "Bible-pages" which can be torn easily and the text is rather small (size ten).