I (briefly) tried it this morning, and I think it's really great. It's a very neat experience to play the classic JK with polished models. Only bug I found is that the skins don't show up properly in the MP character creation menu. Not a big deal though.
The next step would be to make a massive texture overhaul for the levels. It feels a bit odd to play with the great character models in a pixelated environment.
~Dark Cupcake of the Sith