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An MP3 CD set is a storage CD with MP3's on it instead of direct audio. Many modern CD players can play them directly, just as if they were ordinary audio CDs. The advantage is that they hold far more than the 60-74 minutes of audio on a typical audio CD. Usually you can get a 15 hour book that would likely take anywhere from 12 to 15 CD can now fit on some smaller number (2-3? I don't remember.)
If you don't have a CD/DVD player that can handle them directly, the MP3's can still be played as MP3s on your favourite computer, or transferred to your preferred iDevice or MP3 player. But £34.00 seems a bit pricey. (Look for a used one? Get a trial US Audible membership and get it for free?)
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