It's superb.
I'm still waiting to run it: business has gotten in the way of a few games in the past few years.
It includes the second book which, IIRC, was called Against the Shadow. It may have a couple of monsters in it too from Minions of Shadow but I'm not 100% sure.
The thing that attracted me to Midnight originally was that every story hour I read was well-written. It didn't matter who the author was, the threads were all worth reading.
I'm also seriously considering running it one day using Savage Worlds instead of D&D.