For the first 200 or so pages, the reader is led along an interesting deviation from classic, Freudian psychoanalysis towards some really radical, even liberatory paths. As the first Freudo-Marxist, I think Character Analysis, The Mass Psychology of Fascism, and the Function of the Orgasm are essential reading if you want to understand why it is that people these days don't *want* to change their material conditions. And no, Reich is smart enough to not reduce it all to comfort and commodity consumption.
That being said, however, I wish I could say the same for the rest of the book. From orgone 'biophysics' to bizarre essays on 'protoplasmic' energies, Reich straddles a thin line between utter madness and genuine, scientific discovery. But even if his forays into strange materialist vitalism amounts to pseudoscience, it's nice to see a man like Reich so passionate about the psyche, the body, and the life sciences to the point where it drove him into utter insanity. There's a sincerity, patience, and compassion to his thought that is seldom seen today, not to mention a real spirit of inquiry. In the end I care more about that then whether or not he's right about anything (which, after 1940, he pretty much isn't.)