An admirable production of a terrific book. The acting work is top-notch, although I am not a fan of Gandalf's voice. Of the 5 discs, only four cover the book; the fifth is music and an interview with Tolkien. Minimal narration makes it feel like a real theatrical production, live or on-screen, but the audio-only format does make certain scenes a little chaotic and nonsensical. While effective, the dialogue queues are a little groan-inducing and make you wish you could just watch the film or read the book, instead of hearing Bilbo explain everything happening around him.
Since this record also pertains to the edition performed by Rob Inglis, I will say that I prefer his the best, as it is word for word and does not take liberties in theatrical production and explanation. It gets a solid 4 and a half stars.