This book has some good tips, but overall, I think the information's a little outdated.
For example, when he talks about writing character backgrounds on 3x5 cards, important scenes, plot points, etc. While doing that longhand can be helpful sometimes, there are plenty of digital tools out there nowadays to help writers keep track of that information.
I also think a lot of what he says about building stories lacks a little nuance. It's good for a writer starting from scratch, but if you've taken even a basic creative writing class, a lot of this information will be too simple for you to gain much from it. That isn't to say I didn't learn anything (the information on selling your completed novel is very helpful), but it sometimes comes off as James Smith telling you that if you follow these exact steps he follows you can write a novel. In reality, each writer has their own unique writing process; trying to follow a cookie-cutter guideline can hinder the creative process. I'm also kind of surprised he goes into so much detail about sketching characters, plot points, etc. and keeping it in a folder while completely ignoring the fact that most of that can be done in a detailed outline. At points, these tips felt drawn-out unnecessarily to fill a word count (again, if you've taken a basic writing class and are comfortable outlining, this book will be practically useless).
At times, it also felt like this book is just a walking advertisement for a novel Smith was working on while writing this handbook. I understand real-world examples are important, but do you really have to remind us every time you mention your novel that it's soon to be published? This book also comes off sometimes as being unnecessarily critical of Jurassic Park. Again, I understand it's helpful to have real-world examples, but the criticisms of JP just come off as mean-spirited sometimes (like when he rants about how the Mr. DNA segment of the film is really boring. Not everyone in the audience finds that information or sequence boring, but because the author did he constantly has to remind readers what a huge plot flaw that was).