The perfidy of game distributors having run its course, I finally have my red box and can now stop whining like a crybaby.
Unboxing it was a fun experience, and while I'm still digesting the contents I'm liking it. It seems like an excellent introductory set: it is inexpensive, the player's book uses a solo adventure to walk you through character creation, and the box and contents themselves are nice enough in quality that a person could reasonably value actually owning them.
Especially in the case of younger players, I think that the last point will be important. It is engaging enough as a thing that it will draw one's attention back to it.
For me, having a 1983 style Elmore cover Red Box is just awesome. It's like the 80's, man! Ronald Reagan! The Soviet Union! The invasion of Grenada! A time of moral clarity, when you actually knew the bad guys' address and had their bases on a big map and they wore uniforms and showed up at places at predictable times and stuff. Yeah, nostalgia.
Also, being able as a 1st level Wizard to turn a bad guy into a toad. Yes. I take back anything bad I ever said about 4th edition. Being able to whip out a magic wand and just *zap* some fool into toad-dom. Very much yes.