I read most of this again recently to refresh my knowledge of basic algorithms while interviewing for a new job. It has good coverage of many areas of computer science. I felt the use of C++ was a bit superfluous as most of the algorithms could have been coded just as well in, say, C. I was also slightly surprised that the code presented was already highly optimized, with tricky edge conditions exploited in non-obvious ways, rather than presenting less optimized but easier to follow code.
Overall, though, it's a useful, well written reference work, if slightly dated now.