I'm sure you guys have seen tons of photos and reviews of this by now, but I thought I'd chuck in my two cents.
This palette is gorgeous, 12 very wearable, neutral rosy hued shadows. There's a nice handful of matte shades, more than in the original Naked Palettes, which makes a nice change. I particularly like the five darker shades, they're unlike anything else in my collection. The staying power is great, but best with a primer (I like the Painterly Paint Pot from MAC) and the shimmery shades don't fall out around the eyes. The shades are particularly flattering with hazel or green eyes, and look gorgeous on pale skin. As always with Urban Decay shadows, the formulas are great, buttery smooth and a little goes a long way. An awesome palette for travelling, it's got everything you need for neutral day and smokey night looks. I even like the brush in this kit, the flat end is great for packing on shadow, and the fluffier end is perfect for popping colour in the crease, you just need a fluffy brush to blend out with.
Overall, this is a gorgeous palette. No you don't need it, but hey, Christmas is coming, maybe you deserve it?
What is your favourite Naked Palette?