Sure, it rushes around a lot, and glosses over a bunch of (boring) stuff, and might not be enjoyed by first timers. But I wouldn't call that a valid complaint. Very few if any are going to watch a Star Wars fan edit before watching the original. This edit was made for people who liked some moments of the prequels, but hated most of it. All the important plot points are hit, (which makes it amazing that the phantom menace portion is only 20 minutes), and I didn't miss anything that was taken out. I really liked the fast pace.
His editing skills are very good, especially for a first time editor. I only noticed two harsh edits through the whole thing.
I'd suggest people give it a try. It's well worth it.
-T