I too am highly intrigued by this edit. While I haven't seen Godfather II (being meaning to), the whole possibilty sounds interesting. I am kind o curious as to whether certain SE pieces will be used. Namely the Battle of Yavin, Hayden's head, etc. The Empire trailer conirmed the new emperor it appears. I'm one of those extreme SE haters. Though I've ound them more tolerable in fanedit form. Something about the unofficialness of it.
Speaking of the trailers, they're highly impressive. The editing, and a lot of the scene choices work really well. Especially Ben's revelation, and the "You were the chosen one". Though I'm not sure that scene needs any exposition.
The use of new music sounds interesting. I assume great care will be made in keeping the sources not too obvious.
I'm definately keeping track of this one.