I've never understood why manufacturers of peanut butter needed to add oil to peanut butter, unless it's a cost savings measure... The flax seed oil is where t he Omega3's are coming from and those are good for you (this week anyhow ) The molasses is added sugar that I'm not sure is necessary...
It's a better ingredients list than some peanut butters I've seen -but I'm pretty much a purist when it comes to nut butters -nut and only nuts should be on the list... you can always take a flax oil supplement if you feel the need for additional Omega3s (there's a good thread here somewhere on fish oil supplements.
Smart Balance has a lot of stuff, none of which I can speak intelligently about when it comes to pros and cons of ingredients and/or nutritional value. I've found their Light Butter microwave popcorn to be tasty though.