just got him and I think he looks great. I know some people complained that it's the same sculpt as the E1 (and it is), but it has been repainted.
I like the paint on the new one better, the only real difference is the sleeves and the head. His right arm is articulated at the elbow and wrist. That alone makes it better than the E1 version. The articulation allows him to pose with his lightsaber rather than just standing with his arms straight out. And speaking of his new lightsaber, I like the metal hilt better. Both versions pretty much have generic hilts, but I like the look of the shiny metal one. Plus, since the "beam" of the lightsaber comes out, now he can hold just his hilt.
I wish that his left arm was articulated like the right, so he could hold the lightsaber with both hands. Other than that I think the new one rocks. Better than the E1, cause the articulated arm allows for more playability and poseability.