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Title: At this point in time nothing much more than a novelty.
Review: Cole/Haag was written at the beginning of the 1980s and it shows. While there is some moderately useful information on how to lay out a page (white space, description length, etc.) most all of this has been incorporated into modern screenwriting guides. And you certainly do not need to know about how to set up pages for a typewriter any more, thank goodness. Also, their margin guides are not at all standard in Hollywood in the 21st Century. A much better book for screenwriters working in 2011 is "The Hollywood Standard" or the old trusty "Screenwriter's Bible"" which includes a lot of advice on story and plotting.
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