I gave the movie 3 stars because it is till worth checking out for your baby viewing pleasures.
The only issue I have with it (to deduct two whole stars) is that it is way to fast for the infant/todler perception.
If you want to play with buttons and stop the movie every few seconds to really allow the baby enjoy pictures or better understand what is going on then this might be really beneficial for the baby. Otherwise it is so fast that few adults who watched it with me agreed that sometime it was just too fast even for a grown up.
Other then that it is worth a shot. My baby really likes some scenes with babies and animals in it so she giggles when they appear.
As to learning how to read, I am not even going there. You be the judge.