My 4, almost 5, year old daughter got this for Christmas this year and is still spending most of her day playing with it. She is always the teacher of her imaginary students. We did not buy this for the educational aspect of the toy it was for her to have FUN!!! She loves to play school and now she has a "classroom" where she can play and feel like she really is a teacher, which is what I think this toy was intended for. HINT: Enhance this toy with the "Teacher Supplies" set.
I bought this last year 2007 for my 3 and 2 year olds. It was great for the first couple of weeks when I played it with them. THough there really isn't much to it. No flash cards, or set activities. you are basically the teacher and have to create what will occur. made the mistake of letting them play with it by themselves. they destroyed it. Ripped everything out. Even the bell is broken. Only thing that survived is the pointer. They are now 4 and 3, they use the pointer as a bat or a wand. definitely not for young age group. More fun for parent than the child. Recommend that if you buy this, you are using it to supplement your other teaching tools (ie. books, flash cards, etc.) It would be better priced at $20.00 or less. Definitely not worth the [full price] I had to pay elsewhere. Love you Target, just would not buy this toy again.