**A FEW SPOILERS**
Finished reading "The Star Wars". I'll start with the flaws...
Mike Mayhew's artwork is stunningly beautiful on first inspection but it doesn't read too well once you try and follow the action. IMHO I don't think he truly understands how to tell a graphic story, as the panels often felt disconnected and confused.
To be fair he's not helped out by Rinzler/Lucas' script though. Characters often just say things to each other, instead of having conversations. Many parts of the dialogue were also absurd or confusing. However, it's based on a draft-script, so that's to be expected.
Some parts of the plot were insane. The Sith are the sworn evil enemies of the Jedi... right up until they are suddenly best mates? General Skywalker trains a primitive Tribe of Wookiees(sic) to be ace Star-Pilots in an afternoon. Things like that. Again it's a draft so no foul. Lucas' influences (Dune, Kurosawa etc) are far more obvious here which is probably were the Wookiee-Pilots subplot comes from. Seven Samurai training a group of peasants to use spears over many days is fine, but this was just silly.
On the plus side...
It's fascinating reading this version of Star Wars that feels ripped from an alternate timeline. I love the old grizzled General Skywalker, who is in many ways similar to how I'd imagined Clone Wars Ben was like. The Anakin we see here is also more like I'd have imagined him to be. It feels so much bigger and stranger than the SW universe we are used to. The costume and prop design is fantastic, combining alternated versions of the stuff we know, early concepts and vert influences from other stuff like Flash Gordon.
Some have mentioned that it feels like the Prequels but not for me. If the prequels had this much action, excitement, scope and drama then they'd have been better films.
In conclusion... if you go in expecting imperfection, you'll be delighted with this interesting glimpse of what might have been. I reccomend this one for the Christmas list :-)