It's big, it's well produced and it's a worthy addition to a photo book collection. Phaidon is a great publisher and the production values of this book are up to their usual high standards. The concept of "New Perspectives in Photography" is an ambitious topic, given the broad variety of art photography practice around the world. If you could sum up the main trend, it would have to be the movement away from the photo document and towards a conceptual exploration of the photographic object as it relates to the human experience. It is not photography, it is photographic.
Much of the work is relatively new, made in the past ten years and is representative of that shown by a certain kind of photography gallery -- one looking forward, yet rooted in the past. That said, much of the work references earlier photographs. Artists such as Gregory Crewdson and Anne Hardy create narrative, staged environments that the photograph documents, yet they look back to work from the 80's by Sandy Skoglund. Nikki Lee's work with her personal identity clearly references earlier work by Cindy Sherman. Tim Lee uses the photograph as a document of his conceptual work, a traditional way to preserve performance and conceptual art. However, there are some valuable new perspectives.
Rinko Kawauchi's beautiful photographs of life's ephemeral moments indeed provide a new, thoughtful perspective -- her book "the eyes, the ears" is worth searching out (sorry, not available on Amazon, I found my copy in Tokyo). Esteban Pastorino Diaz challenges our understanding of visual devices and the way they form our perspective of the world. And Paul Pfeiffer uses a database filtering model to create meaning from a photographic practice based on images appropriated from popular media. Clearly, innovation is limited only by the imagination.
The challenge with this type of overview is that it is almost too wide ranging and lacks depth -- it is without a singular point of view. It mostly covers artists who are already "established" in the gallery and museum circuit, which means you will be about five years behind the state of the art. The latest, newest work is found on the Internet, but only to those with the time, desire and domain knowledge to seek it out.
While you may pick it up once or twice, it is most valuable as a point of departure for further exploration of individual artists. As the other reviewers from New Zealand mentioned, it will probably be most valuable to readers without access to contemporary art galleries.