This a remake of a classic - one of my 3 all time favorite role-playing games. (I've read through 100s).
It keeps true to the original, with beautiful layout, and a number of subtle changes ... using the rule book like a deck, adding extra data on the decks, adding clarification to the magic rules, etc.
I don't expect this will be a v2, but rather a much improved v1. I'm really looking forward to it!
If you have a chance, get it on the kickstarter - I did :)
You can find lots of reviews of the old game, which this will be very simlar to ...
It really can change how you think about role-playing, and single-handedly unleashed the new era of indie role-playing (and yet, it isn't out of date at all - still good, still relevant!).
If you've never read it, and you are interested in rules-light games, it is very highly recommended.