I only learned about Settlers of Catan earlier this year after many friends raved about it. We bought the regular (cardboard) set and played quite a bit. The cardboard version is kind of flimsy and it can be difficult to keep things in place. I lamented that I should make the board out of wood.
A little Googling revealed many people doing the same thing. I thought about making my own, but my lovely wife was pretty sure that it would end up costing me thousands of dollars in actual hours to make a set (and she was probably right). Though this is quite expensive for a "board game," it's certainly cheaper in the long run. So much so that she surprised me with it for Father's day.
The pieces are amazingly detailed and the box is perfect. The details on the pieces seem pretty delicate and could be damaged were it not for the well designed box. Everything is easy to store and has a secure place. The game itself is as terrific as always and the board plays great. I had never played the Cities and Knights expansion prior to this. That version of the game has a different angle and is longer than the original Settlers, but still enjoyable.
My only possible concern is the potential difficulty of adding on to play with more than 4 players. Expansions are available to allow more players, but they are made of the original cardboard, etc., and I'm not sure how well they would integrate. Of course, it's all speculation at this point, but it has crossed my mind.
Overall, the set is beautiful and I'm the envy of all of my Settlers loving friends.