I know I'm late to the party in regard to this particular book but I only just got round to reading it. Alongside The Devil's Candy this is the best "what went wrong" behind-the-scenes books I've read. It's an extraordinary insight into one man's ego, his creative process and the dreams/demons that haunt him, as well as the unorthodox methods of Australian DP Chris Doyle.
I actually watched Lady In The Water for the first time after finishing it. What a strange, strange film it is, more arthouse than studio in spirit and tone and execution despite it's hefty budget, and infinitely more interesting and successful than The Happening which I hated, but, for me, deeply flawed nonetheless. After The Sixth Sense, Shyamalan was being lauded as the "next Spielberg", although that mantle has been tarnished of late.
For the longest time, people have been suggesting that he should direct a script that's not his own and for that reason, plus the trailers, I'm actually looking forward to The Last Airbender (although I fear the effects of the last minute 3D conversion.)