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Definitely worth a slow, reflective reading.
Provides a lot of context for thinking about organizational learning.
This book provides an outstanding philosophical guideline for making sense of the workplace and communities of practice. It is easy to divine practical solutions to common workplace issues and problems as you read it. His vignettes show mistakes that businesses make, and how the communities compensate. Preventing those mistakes in your business allows your communities to solve other problems. Additionally, you will understand where, why, and how your communities and how they help you, and because of this recognition, perhaps you can continuously remove the obstacles to their success.
A good companion book to "Communities of Practice" with respect to how people make meaning is Yankelovich's "The Magic of Dialogue."