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This lexicon is excellent for word studies beyond the Strong's level and will drive you nuts if you don't know your case forms yet (I know from experience).
But all in all, this is a resource no Biblical scholar or wannabe scholar should be without. I'd recommend getting Strong's Concordance, Vine's Expository Dictionary, a Greek New Testament and this book to go along with a New American Standard Bible for the novice in Greek.
Your understanding of the New Testament and of Greek will grow by leaps and bounds with diligent study of these very basic resources - even if you don't intend to study Koine Greek professionally.
There are two drawbacks. The first is price. This is an expensive volume, but perhaps that is to be expected. The second is that I noticed several examples of errata. No doubt these will be removed with each new printing.
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The only thing I disagree with is Bauer's notion that the United States had nothing to fear from foriegn expansion into the near empty land which was claimed by Mexico. Republican Government had few friends in 1846 and we should put ourselves in the shoes of Andrew Jackson, Sam Houston, and James K. Polk when we think of this era. They believed, and probably correctly, that the worst threat to the survival of the U.S. was to continue to try and exist with such a huge open territory on our borders. All that would be needed would be a foreign power with a thirst for empire on our borders and we might cease to exist. Men who thought this way were not imperialists, they were filled with fear for the survival of their decendants. Mexico was not governing much less defending the territories necessary for American survival and something needed to be done about it and fast. I don't recall any of the great Americans of this era ever using the term "manifest destiny." (Bauer doesn't say that either. Revisionists use this newspaper term.) More like manifest survival. This opinion shouldn't of mine shouldn't keep readers from enjoying this book, though. Wonderful job Dr. Bauer!
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1. The defintions are short, simple and concentrates on the meaning of the NT words itself. This book excludes the words from Apostolic Fathers and other early Christian literatures.
2. The book includes "English words derived from Greek terms." This element helps readers to gain more insight to the word and remember the words better.
3. The typeset is better than its first edition. Fonts are clear and crisp, therefore they are easy on your eyes.
4. The book is small, light, and portable. This is great! If you cannot carry that big and heavy BDAG.
In sum, if you cannot afford 3rd edition of BDAG and intimadated by its huge size, then this shorter lexicon is just right for you! Even though I own 3rd ed of BDAG, I use this shorter lexicon for portability when I am out. Recommended heartily.