I loved all aspects of the setting.
@captain yesterday: If there is one setting, where race is not important, it is Eberron. There was general xenophobia, but it was based on country of origin and not on race.
@GreyWolfLord: You said it yourself, you never read the setting. I am suprised you have such a strong opinion, you should not have any at all... ;-) On the other hand if someone told me a setting is just magic punk, I would probably not be looking toward it either.