"Good book, okay narration"
I own all three audio books of this series and find them very enjoyable. There is a nice balance of action and character development and it's refreshing to see a tough heroine with other motivations than just being tough and catching the fancy of the lead male. That being said, the first audio book is the weakest of the lot. I was very surprised to hear the amount of mispronunciations throughout the book. It didn't make me hate the book or the narratior, just wonder if anyone bothered to edit it afterwards. Characterization and narration picks up in the next book and if you enjoyed Magic Bites at all I highly recommend the others as there is much more world building, plot development and most of the narration annoyances are hammered out.
"Better than the movie"
Much like Stardust this is a grown-up fable, and a well done one at that. Gaiman's narration was pleasant, if low key. Like other reviewers have noted, the songs are a little off, but not horrible. I get the feeling they were included to break up the book into managable sections. (Like if played for a kids or in a classroom.) It's well worth the download.