I think it is time Kodak got a fair review on this product. I decided to take a gamble on it even knowing it probably wouldn't meet my expectations. Upfront: If you are looking for photo quality prints, do not buy this paper. Use Kodaks star rating system that they provide for a reason and purchase 4 or 5 star paper. Personally I am quite happy with the quality prints of their 4 Star Premium Paper, At least in the 4x6 size I feel it is photo quality, or at least very very close to it. I couldn't tell a difference between the 4 star, and the 5 star Ultra Premium paper. (haven't printed an 8x10 yet, will update this if my opinion changes after doing so) so unless you are trying to sell prints, go for the 4 star. You will not be disappointed.
Now back to the 3 star. The print quality is slightly better than the paper I found at my local dollar store. Keep this in mind before purchasing. Color photos it does not produce. It would be great for scrapbooking, or other arts and crafts that you want to be better than just paper prints. Could also be very useful for flyers or post cards. I am not completely disappointed though. Black and white prints turn out just fine in my eyes.
Bottom line, you get what you pay for, and I commend Kodak for being upfront about it with a rating system. I am not supposed to mention prices, but lets see if they will let me do this. I paid just a little more for half the sheets of the 4 star Premium paper (Kodak Glossy Premium Photo Paper, 8.5 x 11 Inches, 50 Sheets per Pack (8360513))and it is worth the extra money.
FYI: I am using the Kodak ESP 5 All In One Printer.