The story remains enchanting.
This would be a lovely audiobook for young children.
That said, from an adult perspective, Ms. Hathaway overacts and takes away from the overall experience. A lot of her character choices are very extreme or just plain odd, as though she strained to come up with something unique and new. A child will likely find the different characters fun, this audiobook really is incredibly colorful, there are no default characters. But as an adult, I found that a lot of her choices make no sense (the wizard, above all) and was a little annoyed by some of the more grating ones, like the over-affected stage English of the queen mouse, for example, the valley girl stork, or the Marge Simpson scare crow. In essence, the magic she captures in her narration is the magical range of Anne Hathaway, not that of the Wonderful Wizard.
Other reviewers rave about this version though, so I recommend listening to a sample before you buy.