I was interested in this product when I first saw it but I didn't feel like spending $50 at the time. I was in Sephora a couple weeks ago and it was on sale 50% off so I bought it. I love it, really good quality.

My oh my this palette is absolutely amazing!
It is very uniquely designed and artistically aesthetic. It looks like a book and has a few pages of art and writing from Kat Von D herself.
There are 3 sets of eyeshadows (12 in total) that can all be used for a very diverse range of looks, from neutral to super smokey. The quality is superb, all shadows are extremely pigmented and blend wonderfully.
There are 3 mini primers in a nice variety of colors included, and they work very well. No creasing or fading when I use them.
There is also a set of dramatic-looking false eyelashes but I haven't tried them yet so I can't really comment on them.
Last but not least the eyeshadow insert pulls out to reveal a hidden part of the palette where the double ended perfume (saint and sinner) is housed. How creative! Both scents are nice depending on what mood you're in.
Overall this palette is great to have for a range of looks and it's a nice way to try out Kat Von D makeup.
I highly recommend it, it's a real steal for what you get. I can't wait to see what Volume 2 will be like!
Update - I've done photos swatches and EOTD's with this palette, you can see it here: http://makeupormorte.blogspot.com/2011/02/kat-von-d-tattoo-chronicles-volume-1.html