What they got right: Although The Muppet Show TV show itself already did a parody of Robin Hood, this is a lot longer and doesn't need sets or deal with jealous co-stars, so it should be more interesting on that note. Writer Tim Beedle gives us a fun, modern parody and even gets the Muppet characters right. (Gonzo has to remind Sam that he's playing a British character at one point.) At the same time it's also faithful to the usual Robin Hood telling (you know, as much as a parody does). Also, the price: $2.99, with slightly less quality paper, but still good quality. See, this is how it can be done. The pages don't have to be all glossy and feel like the cover. The cover should be like that, but the internal pages do not. That's how you make a kids comic at a fair price. (For today's prices, anyway.)
What they got wrong: Again, Gonzo and especially Kermit suffer from similar character models from the regular Muppet Show comic. Also, Robin (who looks older than usual) and everyone else is fully clothed in period garb, but Kermit just has a hat, cape, and quiver strap. Finally, seriously STOP WITH THE VARIANT COVERS! And yes, I will keep harping on this because of the target audience. Do they really care if a 35 year old man is reading a comic marketed towards 7 year olds? Oh, and the indicta is from The Muppet Show #1, not Muppet Robin Hood, at least for my copy.
Recommendation: Seeing how the regular series sells out, you should get this while you have the chance. Even with a different writer, it's just as fun to read.