This is a nice CD, and one of my 2 year old's favorites. Little Bear's 'just because' party is a cute idea, and it is filled with interesting games. The coloring module alone is worth the price - it is very well designed, and there are quite a few nice scenes that your child can color on.
However, the navigation is a bit wonky, and Little Bear can get rather bossy and annoying as he constantly reminds you that you're not doing something in the right order. The opening screen, where you select which person you are, is difficult even for me to figure out. This is made worse by the fact that Little Bear has a rather annoying voice.
My biggest complaint is that the PC version allows you to spawn multiple copies at the same time. My daughter gets impatient and keeps clicking on the "start" icon, and can get 5-10 copies all running with the audio slightly out of sync. It takes some time to enter and quit each instance.
And yet, my daughter adores this CD, and repeatedly asks for it. It keeps her happy and out of trouble. So, I recommend it despite its high parent annoyance coefficient. (The music is pretty, but repetitive and annoying if you're trying to do something else nearby.) So buy it, but I would suggest buying some of the "Living Books" series first, like Grandma & Me or the Dr. Seuss titles.