Well I'm a bit late to comment as my internet has been down all day.
In terms of the narrative structure you've chosen, I have no problems. I love the direction you're going with this and I can seriously see this being my preferred way of watching the prequels in any form from now on. This edit isn't meant to be star wars as we know it, but a fresh experience :-)
Technical editing is excellent, except I feel in one transition (which I've already discussed with you elsewhere but can't resist seeing what other people think) ;-)
In the escape pod shot in the 'a quick escape' clip, Benja has transitioned from the launch of the pod straight to it's fall to the planet, so as to save all the r2 and threepio stuff for later.
In our conversation about it last night, I felt the transition was a bit jarring and could use some smoothening out. Benja thought I might just be too used to the way it was originally.
I've created a clip with an example of how, using the soundtracks, it can be (in my opinion) improved. It's probably not a dealbreaker, but I'm curious what everyone else thinks. Maybe it's fine the way it is and I just need a hearing aid.