I like it.
It's basically a very solid system of combat resolution, with some trap and opposed-check rules tossed in, and nothing else.
Which, as far as I'm concerned, is exactly what's needed, covering the weaknesses of freeform RP while its strengths untouched.
I really, really want to combine this with the use of Lego to create 3d battlefields.
I also really, really want to play an Eladrin Rogue. With a rapier proficiency, obviously.
Why do I love the notion of teleporting fencers so much? I don't know. I just do. It's totally what I'd be if I were a superhero.