This isn't a 4-star work; it's a 4-star translation.
The NIV is basically the standard Biblical translation. I suspect the vast majority of people use it today (the King James having likely fallen out of favour with the younger crowd), and it stands up to such scrutiny. It is, of course, not without its problems. I find that the NASB, the Amplified Bible and the NLT translate some passages in a different and arguably better way. Also, with the NIV's popularity, I bet some of the verses have grown stale with repetition. It's always nice to read a new translation and look at passages in different ways.
But the NIV is pretty solid.