We used this rug in a child's bedroom and we are thrilled with it.  The wool is incredibly soft and plush.  Yes, it sheds; all natural fiber rugs will shed, just deal with it.  
The pattern is busy enough to hide any minor stains from the kids, and the colors are lovely. I wouldn't call it 'navy' but rather a French Blue. But different looms and dye lots vary so yours may be a truer, darker navy. Nevertheless, this is a lovely product with lots of character and style.  A+!