It isn't bad, but I'll tell you right now: if there are still gaps in your Zatoichi collection, either the movies or the TV shows, pass on this for now. You get two episodes in the first volume here, and although that works out to something like two-and-a-half hours, that's not much for the price you pay. The quality is also pretty iffy, shot for television, direct to video, and it shows. Ken Watanabe as Baian is… competent, but the role doesn't give him a lot of room to act. His sidekick is actually more compelling, in my opinion.
This weekend I also picked up a couple of early Court and Spark records, Ventura Whites and Bless You, which are good, but won't make you forget Witch Season, and also Get Him Eat Him's Casual Sex demo. I would have signed them.