I'm about half way through the Bismarck. Building the kit out of the box isn't extremely difficult, I'd rate it about 3.5 out of 5. It's a fairly standard build for a battleship just bigger. I'm adding a high detailed photo etch set which takes the level to about 4 - 4.5 out of 5.
The kit does not have the issues I've read that the Arizona kit does. I think the Arizona kit was originally an RC kit converted to static but the Bismarck was always designed for static from day 1 I maybe wrong tho.
There is little to no flash, ejector pin marks are well hidden, the hull is quite good. Putting the bottom of the bow on required multiple coats of auto body filler then model putty to get smooth. The deck had some minor fitment issues and the hull could have used a bit more internal structure bracing. Nothing hugely problematic for an experienced builder.
I'm not sure I would recommend this kit for a beginner. You need a lot of time and patients. The reviewer in Fine Scale or was it Tamiya mag took 400 hours building it out of the box. I would double that for the beginner modeler. There is a lot of photo etch in the box which is nice but quite heavy compared to after market PE. I'm about half way done and I'm probably at 300 hours now.