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I'll add a note of caution to all the Sanderson love around here. I've read all three of his mistborn novels and find him to be an average writer. His best points are his interesting ideas and well thought out magic system. However in my view his characterisation was weak, the fictional world he built flimsy and unconvincing and his technical skill as a writer similarly unconvincing.
This, this, this.
I remember that while I was reading his books I was able to tell exactly what he was trying to do with each of the characters, and he uses too many scenes where the characters just move around thinking to themselves. Every time he does that, the characterization gets sloppy and obvious, like he's dragging the reader by the nose to whatever conclusion he wants them to reach.
His prose is also pretty bad. I remember reading his annotations on the Mistborn trilogy when he mentioned one of the chapters where he tried to use prose to open the scene. It pretty much bombed, imo. It was awkward and didn't flow well into the rest of the chapter. Every time he tries to use better prose he's failed for the aforementioned reasons.
I will salute the man for his awesome dedication to his fans by keeping them updated on everything he's doing and explaining why somethings are the way they are.
His magic systems are also very well thought out.
Overall, though, I'm surprised at this amount of money he's being given as he's not nearly a good enough writer to warrant such high pay.