I think the fact that this Beatles collection got ahead of all other current records in terms of sales figures speaks for itself. I mean the customers don´t have to buy if they feel that it´s a rip-off , but still they do. And they do massively, which shows that there is a need for such a release.
Another point in favour of this record, regarding the release as a CD, is that there hasn’t been an official single CD of hits that featured the entire period of the Beatles. All in all I think '1' is a consolidated version of the red and the blue double LPs/ CDs.
Personally, I purchased the vinyl version of '1' and I am very satisfied with it. It came with a large poster of all the singles´ covers from around the world plus a set of psychedelic portraits of the bandmembers. They look marvelous and decorate my appartment very nicely.