Compared to the first (two) appearances of the developing Bugs, this is very funny, has characters with incredibly developed plots and indeed is better quality. I find because the humour of "Porky's Hare Hunt" and "Prest-O Change-O" are very old-fashioned and not very understandable for today's humour (although I still found "Porky's Hare Hunt" quite funny). This episode feels much more like it was made recently, even though it was made only two or three years after the developing Bug's first appearances. In this, apart from his deeper voice, he feels much more like the Bugs Bunny we know today.
I also like this episode for the very sweet first Elmer featured, Bugs Bunny is very entertaining and there is nice animation included. I have to say in this, Bugs Bunny reminded me a lot of Br'er Rabbit, which was comforting (HE didn't make his first appearance for nearly ten years after!!).
The plot is very much like the average episode with Elmer and Bugs. Elmer is hunting for "wabbits" and he finds Bugs. Many of the gags have been repeated many times in more recent episodes, but are still funny none the less. There are some other gags added which are funny.
I recommend this episode to enthusiasts of early Looney Tunes (but still like gags which are repeated in modern Looney Tunes episodes) and who like Bugs Bunny. Enjoy "A Wild Hare"!