For those who are receptive to its charms, this book is simply indispensible to any high energy physicist. This book is not terribly "intuitive"(in the sense that things are derived heuristically just to the point that the result seeems plausible), nor does it take a purely mathematical standpoint, emphasizing the unbending rigour of all proofs. Instead, it offers something far, far more valuable to any physicist; namely it offers truly profound physical insight into the fundamental principles of nature. This book is so chock full of brilliant profound ideas that it seems as if Weinberg put into this book almost all of the insights he has had over the course of his long, productive, and Nobel Prize winning career. He offers a truly logical presentation of particle physics, starting from the fundamental principles of quantum mechanics (superposition principle especially) and the principle of invariance under the Poincare group modulo time and spatial inversion, as well as the principle that distant measurements do not affect each other, and derives, with a minimum of simplifying assumption, the whole, wonderful edifice of quantum field theory. This set of volumes contains almost all that we know about QFT, but somehow, magically, it is not encyclopedic; it is instead refreshingly original and, as I have said before, truly profound. Also, unlike many other QFT texts, it very clearly points out how the assumptions of the theory could be weakened, and also gives an indication of what sorts of theories come from these modified assumptions. The whole book is simply fascinating, but I found the chapter on general renormalization theory particularly enlightening, especially the section on "nonrenormlizable" theories. I learned, in a particularly clear, inspiring way, that these theories are not any more or less renormalizable than standard model theories, when all terms alowed by symmetry are included in the Lagrangian. Although these theories might seem as if they have little power of prediction (after all, there are an infinite number of parameters to the theory), but in fact Weinberg argues that the nonrenormalizalbe interactions are strongly suppressed at low momenta, so it is possible for low energies to create an effective perturbation theory, which yield in this regime astonishingly precise prediction. On the other hand, Weinberg is quick to point out that for large enough energies, this perturbation expansion simply does not make sense, and that THIS is the reason why quantum gravity based on the Einstein-Hilbert Lagrangian makes no sense for energies at the scale of unification.
Although this book is truly wonderful, I would not recommend reading it as an introduction to QFT. This book is simply too intense and profound for the uninitiated. Instead, I would recommend as a first introduction Ryder's fine text, which yields enough insights to give the reader a taste of the ideas behing QFT but not so many that the reader is overwhelmed at first, followed by Peskin-Schroeder, which gives the student all of the tools that he/she will need for almost any QFT calculation.