Understanding Machine Learning: From Theory to Algorithms (Downloadable Book)

When you guys are studying and learning from this, what is your strategy? Do you read the entire book online? Do you work through it and implement various things? ...?

I downloaded the PDF and looked at the beginning of two random chapters. My first impression is that the authors define machine learning formally, but fairly simply and then offer practical material. Not really fair to offer an opinion after a 15 minute look, but it looks like a good book.