I've taught a one-semester intensive course with M&F for grad students who needed Latin in a hurry (the book was originally developed way back when as the textbook used at the 10-week summer intensive Latin taught at UC Berkeley). It's a very systematic book but INCREDIBLY boring, so make sure you get yourself something fun to read on the side. As a systematic review of Latin morphology and syntax it is excellent, plus it has this huge advantage over Wheelock: it presents the subjunctive very early, as it should be. Many people seem to finish Wheelock with a very hesitant understanding of the subjunctive. M&F introduces the subjunctive early, which makes sense because the subjunctive is vital to Latin. So, it's a very good antidote to Wheelock in that regard.
For some reading, you might browse around the free readers available at GoogleBooks to see if any of the old 19th-century Latin readers suits your study style and personal interests; I'm keeping a running list of Latin Readers that I find at GoogleBooks here - at an early stage of Latin, vocabulary is often the biggest stumbling block, and most of these old readers have comprehensive Latin-English vocabularies in the back; many of them also have notes for the readings:http://ilovegooglebooks.blogspot.com/se ... tinReaders