I happen to like it. Now that they've tooled up to produce this plane, maybe they'll come out with a later version that doesn't necessarily fit the LSA requirements. That could mean a bigger engine and payload, or maybe even a tailwheel version. It is a step in the right direction, not that I can afford one right now.
It's a known fact that the population pool of our beloved 150-152's shrinks every WEEK for one reason or another and no new ones are replacing this shrinking pool. This alone should be a red flag.
Jim is correct. Every single issue of the club newsletter has at least 2 pages dedicated to explaining how a few more 150/152s are damaged or destroyed. With the cost and headaches associated with restoring a certified airplane, I'd guess that many of them are parted out.
I could see these planes being purchased by newly formed clubs as well as schools. A group of people could get together and buy two of these and have a few bucks left over, as opposed one new Skyhawk.