This is the version of the test that is currently being administered (as I write this in 2010/2011). I used this book and got a 94% on the TEAS. There are a few life science type questions that aren't in this book like fault zones and rock types, however, I think they may have eliminated most of those questions for Version 5 of the test.
The part of the TEAS test that most people have problems with is the science section. Don't expect this book to give you a condensed summary of everything that is in your chemistry, anatomy, physiology and biology books. What this book IS good for is knowing what TYPES of questions will be asked and how in depth you will need to study your science books.
This book has been a great review for the actual test. It's way better than the last TEAS manual study guide! I recommend it to anyone! Buying it from Amazon was cheaper and a pleasant, quick experience!