I took a look at this at my LCS today.  I have it arriving by mail.

Four page intro by Joe Simon.  Overall, pretty nice. 

I'm no expert, but it seemed like a brighter, whiter newsprint -- pleasing to the eye.  I was somewhat disappointed by the murky, and sometimes misaligned coloring in the SK SANDMAN volume -- so I was looking for more of that here.  To my eye, the SK NL looks better and bolder -- of course, I do not have them side-by-side.  It has the look of scanned material, and a few stories look like they suffer from a subdued color palette.  Despite some story-to-story reproduction inconsistency, my initial quick take rates this as a step up from SK SANDMAN.