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Yes, that is a very good book, it is for the version 2 but the majority of it stills applies to PE4. The basic user interface of PE4 is different from PE2 but the basic guts, effects, and workflow has not changed. As you say it was written by Steve, the forum moderator and by Chuck, one of the main contributors. You can also purchase it from Muvipix a sister site where you can get tutorials, DVD templates, backgrounds, tips etc for PE4. Plus there is a bunch of free products in complimentary product section.
NOTE: Steve/Chuck, I'll be expecting the usual "promotion" check in the post.
Will you accept an autograph instead, Paul?
Yes, that would do great Steve... as long as your autograph is on the cheque... :)
Joking aside it is a great way of getting a sound understanding of PE.
And be sure and stop by the site that Chuck and I started after we wrote the book to offer support for amateur and semi-pro videomakers.
http://www.muvipix.com offers one of the most friendly, helpful forum on the web and includes a large number of complimentary products including tutorials, tips, DVD templates, stock footage, motion backgrounds and sound effects. Many more can be purchased individually or, for a small annual fee which we use to keep the site up and running, you can have unlimited downloads of our ever-growing library.