I have heard it claimed by people who know more about the history of philosophy than I do that it's less than perfectly reliable, and in particular that if Russell's account makes someone look silly then you should consider seriously the possibility that they were distinctly less silly than Russell makes them look.
(But I agree that it's a lovely book, and I wouldn't discourage anyone from reading it.)
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Not being in the field, but having experience in making the judgement "Should I read this paper", here are a handful of observations:
For:
The paper has a handful of citations not entirely from the author (http://scholar.google.com/scholar?cites=8141802968877948536&as_sdt=2005&sciodt=0,5&hl=en) but by no means a huge number of citations.
The abstract is remarkably clear (it's clear that this is a slight extension of other author's work), and the jargon-y words are easily figured out based on gentle perusal of the paper.
It looks like this paper is actually also a chapter in a textbook (http://link.springer.com/chapter/10.1007/978-3-642-11876-0_8)
Against:
I'd say it's worth reading if you're interested in it. Even the against-point above is more of a general heuristic and not necessarily a bad thing.
Even I have a chapter in a textbook, its not a measure of quality :) Conference proceedings sometimes are published as a book, with ISBN and all.