I was not expecting to be so impressed by this episode, as I am not terribly keen on Taz (in fact, hardly at all). The only reason I had any interest whatsoever to watch this in the first place was that this was Taz's debut (and I am very interested in cartoon debuts). I watched this and found to quite like Taz's appearance here, as well as enjoying Bugs Bunny's contribution and the other highlights of the episode.
Taz's highlights: His animation, some of his gags (especially his first proper one) and the way in which he trusts Bugs Bunny (which makes the episode much more entertaining).
Bugs' highlights: Just being himself, making funny comments throughout and the way he tries to stop Taz eating him.
The other highlights: The animation, a little deer that randomly appears, a few of the sight gags (which are surprisingly clever) and most of the oral gags.
The bad stuff: The fact that the plot was a little too predictable, but that only comes from watching so many Bugs Bunny cartoons where the baddies reach their comeuppance in the same way, it is very clever each time (on Bugs' part). Also Taz is still not my favourite Looney Tunes character by any means.
In this episode, Bugs Bunny is going about his life normally, when he sees a large crowd of animals (from all over the globe), come charging past his burrow. He wants to know what the commotion is, but no-one will stop and tell him. Eventually Bugs stops a shockingly fast tortoise and the tortoise explains to him that the Tasmanian Devil is on the loose. Interested in what a "Tasmanian Devil" could be, Bugs pops down to his bookshelf to look one up. Meanwhile, Taz is coming closer and closer...
I recommend this episode particularly to anyone who likes Taz, or to people who like traditional Bugs Bunny. Enjoy "Devil May Hare"! :-)