This is, by far, one of the best recordings of this work I have ever heard and there is NO QUESTION that this recording out performs previous NY Phil recordings, most notably that of Bernstein's, which is very virtuosic in it's performance, but is so full of unneccessary (and unwanted) nuances in tempo and rhythmic drive that it totally ruins the piece.
Masur's tempos are very tasteful neither too fast nor too slow in sections. The brass is very clear and powerful, the winds technically brilliant, and the strings simply amazing. The second movement is very nice and the luster, power, and finesse he gives to unison strings/tutti statement of the theme toward the end of the piece is the best I have ever heard from an orchestra. The fourth movement is done very well, with only a few minor blunders (i.e. the opening, some crescendos could be bigger, and Masur added a brass part that was not in the score, again in the opening). The "moment", I think, with any Scheherazade performance is a very quiet passage about five minutes into the piece, where the oboe and clarinet sing the melody together with rhythimic drive in the horns, tambourine, and violas, and a playful obbligato in the violis -- here Masur captures it better than anyone I've ever heard.
The Flight of the Bumblebee is very brilliantly played, the strings together like no other recording.
The Cappricio Espanol is passionate and eclectic in this performance, better than many other recordings I've heard of this piece. The solos are spectacular and the luster and color given in this performance is a Philharmonic trademark.
A perfect performance technically, lacking only every once in a while in artistic brilliance (i.e. pianos could have been more, crescendos bigger, ritards broader, etc.), this is a very good recording that every Scheherazade lover should have. Compare it to other recordings with Karajan, Bernstein, Ormandy, or Reiner, and you'll see the superiority in this performance.