Got through the TPM section. First a little praise (SPOILER AHEAD)
R2D2 flies in the space battle over Naboo all by himself, and destroys the droid control ship. It's a pretty neat idea, and it's executed really well. Anakin is rotoscoped out of all his scenes and it's very impressive.
Having said that, it does kind of hurt his character development since we don't see him being a hero in any way. I certainly prefer edits that make him the hero without any accidental success..but this was certainly a neat alternate idea.
The second half of the TPM section has so many odd choices. For instance, on Tatooine, Ani is rotoscoped out of the Maul vs. Qui-Gon lightsaber battle. I don't know why it is necessary, but it would work...except Qui-Gon still yells "tell them to take off." Who is he talking to?
When they approach Coruscant, Ric Olie's lines are removed...except where he says "Chancellor Valorum is waiting for us." Fine...except it's a voice over and we never see him. So who is talking?
Ani is not shown on Coruscant at all...and yet the Jedi Council still talks like they tested him. What?
On the way back to Naboo, the queen asks for R2's help instead of Jar Jar. I guess she needed him to be a projector to explain her plan? Or maybe she wanted him to save the day in the space battle...except that's never clear either. It certainly seems like he acts on his own.
Back on Naboo, the Droid army marches on the Gungans...except the Gungans aren't ever shown, so it's not clear who (or why) the Droid army is marching on. And Sid even says "wipe them out," but we have no idea who he is talking about.
In fact, given that we never see the Droid army fighting anyone, why did the Control ship have to be destroyed in the first place?
Honestly, the whole second half of TPM is a choppy, narratively confused mess. If you were watching this as your first exposure to TPM, you would have no idea what was going on.
Lastly, the transition from a shot of Ani at Qui-Gon's funeral to Obi in EP3 saying "I will take the boy and watch over him" makes no sense. Maybe he's supposed to be talking about Anakin rather than Luke (and maybe I need to watch more), but we already saw the first part of the scene in the beginning of the edit.
Basically, WTF?