Just saw Episode I. Very good edit. Enjoyed it a lot.

Things I liked:

Removal of Midichlorians

Toning down JarJar without destroying the nature of his character. He can actually be funny in small doses :)

Removal of droid voices

Things I'm not to sure about:

Really obvious music cuts at the beginning of podrace scene

"Never let the other person hit you first"

Pace is a tad fast and runtime is a tad short, I never minded the underwater scene that you cut.

overall, nice job! Can't wait to see the next one.