M 2 and 3 year olds love this thing.  Their older friends do as well.  
Only 3 issues that I'd like to mention:

1- We were missing 2 pieces of wood when delivered.  Delivery for replacement parts took FOREVER.  About a week and a half, I believe. 
2- Assembly took a very long time.  Like I said before, this playset is big, and each piece is built individually.
3- The wood on the picnic bench table has splintered and needs to be replaced already (about 1.5 years after assembly.)

Otherwise, I would definitely recommend.  It's a great value.