It's the biggest collectors edition I have ever seen, for one the highest rated games this year (I personally think it's the game of the year). The art book is awesome, a lot of the imagery will remind you of other quality fantasy titles like lord of the rings, but there is plenty of original ideas in it as well. I wouldn't recommend looking through it immediately, as it does contain spoilers. The statue is highly detailed, and the actual game box looks great next to the oblivion CE.
They could have just released the game at this price, and it would still be worth it. The game has literally hundreds of quests, dungeons, factions, creatures and more. The writing and voice acting, considering how much of it there is, is very impressive. Combat is crisp, as are the animations consider the games scope.
This game will last you at least 100 hours if you truly want to explore the whole world, and anyone who calls themselves an elder scrolls fans, should make an effort to pick this up.