I quite liked it, though it wasn't at all what I was expecting.
Dialogue was clever with some very funny gags, facial expressions and seiyuu performances really made for some great scenes, and the animation in general was pretty well done. The opening and ending songs were catchy, the background music fitting (although not entirely memorable, yet).
Can't help but feel a certain emptyness over the way the episode ended - making it all feel for naught. But, then, clearly this is one of those "it's about the journey, not the end results" shows, so the faster I get that in my head, the better.
As for the release, Crunchyroll's stream was horrid and should be avoided at all costs - not just because Crunchyroll is unethical and deserves a hearty lawsuit, but now also because they've officially delivered some of the worst streaming quality I've ever seen for an "official" release of anything.
BOST TV's streaming quality was decent, and YouTube's was pretty well comperable, if not a bit worse. It's interesting to note that all three versions feature variations in the subtitle styling. I hate to say it, but as far as subtitles go, Crunchyroll's are the best, followed by YouTube's, then BOST TV's.
I have to disagree heartily with Garfield15 on the subtitles - I'm exceptionally pleased Gonzo didn't decide to do something stupid like slap a bunch of intrusive effects on the attack names or some obnoxious karaoke over the opening and ending - the whole point of watching anime subtitled is to get as close a feel of the original as possible, and having flashy effects all over the place merely serves as an intrusion and distraction from the show. Anytime you're looking at the subtitles and saying, "gee, that's pretty", you're being taken away from the show, which is a giant no-no. At best, using fonts to match stylized lettering on-screen is the most I'll go for, and that's exactly as far as GDH went with this, so A+ there. An OP/ED translation and romanji would be welcomed, but apparently that can't be helped due to licensing issues.
On the other hand, the downloadable versions on BOST TV (and, as I'm starting to hear, on Crunchyroll) all have subtitles placed outside the overscan area, making them absolutely useless for TV viewing. I can also tell that font size and weight are going to make TV visibility bad. So, bad job, there, Gonzo.
Overall, not a bad first effort into bringing legit streaming and downloading releases - the translation is solid, the overall subtitle work is well done, and the show itself is excellent. For the quality of encoding on all available platforms, I wouldn't pay a single cent for any of it (including BOST TV's streams and downloaRAB) but it's more than acceptable for free.