Does anyone have this? Do your kids like it? How old are they?

I bought this at Target last night for my son's 4th birthday in April (got a good deal). He does not know any letters right now and he likes trains. Do you guys think this is worth the money or not.

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My boys do not have the train but I fully endorse ANYTHING that's from leapfrog. My son didn't really know his letters that well either but a couple Christmases ago he got the letter factory video and the fridge phonic and within a MONTH he knew every letter on site and what sound they made. He has a leapster now and it has helped sooo much w/ math and spelling skills.

So defintitely a good investment.

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I, also, don't have the train, but LeapFrog is great. The videos helped my son, and I second the Fridge magnet phonic thing. It's a winner. My daughter is only 16 mos. but already repeating letters of the alphabet from toys like this. She likes to take the base with her in the car and play the ABC song over and over and over and over and over...

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We do have the Phonics Train. We've had it about 2 years. It's a nice enough toy, but does take up space. We keep it in the closet in it's very large box and take it out on rainy days. It's a cute train toy, but it isn't my favorite Leapfrog toy for teaching letters. My kids have the Fridge Phonics and the Word Whammer toys and they LOVE them. Both my boys learned their letters using the Fridge Phonics. My boys are 3 and 4 1/2 and my older son is autistic. He enjoys the song that the Fridge Phonics sings for each letter; it also sings the alphabet song.
With the train, it comes with blocks and on each side of the block is a letter. You put the block in the train with the letter you've selected face up, push the button on the train and it goes around the track and sings a song. It's a nice toy, but just not my favorite one from Leapfrog, mostly because of the fact that it's a pain to put together, and all the kids really do is watch it go around. It's not as interactive as some of their other learning toys. If it's a great deal and you don't mind all the space it takes up, I'd say go for it. Also, check out Amazon.com's reviews on this toy. I check their customer reviews for a lot of toys I'm considering purchasing.

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This is such a cute train and the kids love it. I just bought one at Target as a gift yesterday for $12.98. My only complaint is it is a battery sucker. Buy good batteries, it does help.

We have the train and the fridge phonics, they are both awesome. My DS loves the train, it is one of the toys he consistently plays with. Plus I love the way you can turn off the sound if needed!