My Dad got me this book for Christmas in 1996, and it's now a very battered looking book, sitting on my bookshelf at home. I've read it so many times, and it one of the best used and most loved book in my house. Despite now being 11 years old its still a very good book to have. The techniques used and exsplained in this book still hold true, even if more people are going digital these days. The imagery in this book is still awe inspiring, and it is cram packed full of them.
I too have owned this book for ages and its looking fairly bashed as well! I have found it to be the best piece of art reference material I've ever bought. It contains a bit of everything and was one of the main reasons why I went to college to study illustration.
Despite having been published quite a while ago I have to admit that I havent found anything that has been published since that is as comprehensive, easy to read and follow, not to mention as nicely illustrated!
It would be nice to see an updated version too (possibly in a larger format)
If you are interested in fantasy art techniques I would highly recommend this book!