As you may recall this is in the top two of my list of great titles that were wasted on crap books (the other is Northern Lights), so I won't hold it against her. It is the second copy I have bought, the first was either given away, lent or disappeared into the vortext. Its only merit, apart from the title, is his bitchiness about Ursula Le Guin which is moderately amusing.
Actually, I have to say that I read about 2/3 of Northern Lights whilst we were baby-sitting a sleeping toddler. It wasn't too bad, although I can't say I remotely care what happens in the final 1/3 (and Lyra's gadget reminds me very much of an over-complex treasure item from White Dwarf or the Dragon or something like that 25 or so years ago).