This is the finest academic study Bible on the market today that I have used. It is of the highest quality for its price range, from the gold-trimmed paper to the genuine leather binding. The layout is well thought out, the commentary is firmly evangelical in perspective, and the resource essays in the back are very helpful in dealing with other religions, the reliability of Scripture, and many other topics.
If you are looking for an all-in-one study resource that combines the equivalent of a multi-volume commentary with a very reliable and readable translation, this is the one for you.
I will warn however that the words of Christ are not in red, and that the commentary, while excellent, is truly a verse by verse commentary, not a "life application commentary". If you would prefer a commentary that is more new believer friendly, the ESV Gospel Transformation Study Bible is a fantastic resource for jumpstarting your new faith.