When I took a class on Hegel's Phenomenology and Science of Logic, we substituted this translation for the original Miller translation of Chapter VI found in the text. While I was skeptical at first, and was reluctant to spend the extra money on this stand-alone piece, it paid off. This is a very fine translation. A lot of time and care has gone in to this new translation. It is much clearer and more accessible than the original. This, by no means, makes it easier. It is still a very challenging piece. However, important terms and concepts which are extremely significant are given their proper terminology. As opposed to the Miller translation, some important concepts are not given their proper terms. This can lead to a confused misunderstanding of the text. Thankfully, the original terms in their original and intended meaning is restored. While it is not necessary for a casual reading of Hegel (if that is possible), this work is highly recommended for those who really wish to penetrate Hegel's thought and understand precisely what it is he means.
Hegel is hands down one of the most - if not the most - misunderstood philosopher of all time. His writing is very obscure, bordering on the mystical and esoteric. The challenge of hermeneutics is to understand the relationship between our own epoch and the work being studied; and how it guides our interpretation. It is very easy to take things out of context, make associations between what is said and our own time, and not really taking the time to understand what it is that Hegel meant and was intending to say. This is a challenging task, as it requires you to understand Hegel's philosophy and method, and what it is, and where it is, he is trying to go. Moreover, it becomes easy to find a problematic passage and "fill in the blanks" with our own associations and ideas, which really puts one's understanding of a work in jeopardy. In part, it is due to the translation, but it is also due to having a poor teacher or not having a teacher at all. Really understanding Hegel requires a teacher - otherwise it will be incomprehensible. Lastly, I would not recommend seeing this text in monadological terms...it will only make sense in the context of the rest of Hegel's work...especially the first 5 preceding chapters. Just like the Philosophy of Right, if this work is picked up and expected to be understood without reference to his philosophy, then misinterpretation is inevitable.