The NKJV Apply the Word Study Bible (Live In His Steps - Red Letter Edition) is a full-color, hardcover Bible new to the market. The hardcover is sturdy and comes with a dust jacket. Both the dust cover and the hardcover underneath have the same design.
The NKJV Apply the Word Study Bible has black text (with the words of Christ in red) and is laid out in two columns. This is the NKJV version of the Bible (© 1982). The text is standard size - not large, but not extra small.
This is definitely a study Bible. I would say that on average up to half (or more) of each page is study notes, although it varies greatly depending on the surrounding text. There are study notes not only about the verses, but also about the people talked about in the text. Each book features a thorough introduction and there are maps and charts in addition to the notes throughout the text.
At the back of the NKJV Apply the Word Study Bible is a 50+ page concordance (© 1995) and 7 full-color maps.
If you are looking for a study Bible and prefer the NKJV, this is definitely one to consider.