  A detailed re-examination of the seminal paper on special relativity, taking
into account recent work on the physical interpretation of the space-time
Lorentz transformation as well as the modern understanding of classical
elecromagnetism as a certain limit of the fundamental underlying theory
--quantum electrodynamics-- is presented. Many errors both of physical
principle and of a mathematical nature are uncovered. The `relativity of
simultaneity' and `length contraction' effects predicted in the paper are shown
to be the spurious consequences of misinterpretations of the second postulate
and the Lorentz transformation, respectively. The derivation of the latter in
the paper is shown to be flawed. In this case, and other instances, due to
cancellation of mistakes, a correct result is obtained in a fallacious manner.
Separate lists of the correct and incorrect predictions of the paper are given.
Due to the unique and revolutionary nature of its epistemological approach (the
use of `thought experiments' and axiomatic derivations) and the experimentally
verified predictions of time-dilatation and mass-energy equivalence the
fundamental importance of the paper for the development of physics is little
affected by the many mathematical errors and (to modern eyes) physical
misconceptions that it contains.
