Well looking at the videos and the infomation on what they are doing with this game I think it looks very good!
Dont know if any of you have played ET or not? as that was an extremely well polished game.
Also alot of the new bits they are putting in QW are very good. I mean covert ops guy can play a little camera in the corner of a room and see whats happening and then ambush the unsuspecting guy!
Also some nice advancements in the graphics and net code departments that should make the game very playable. they have managed to half the bandwidth normally required by using some new ideas.
Also be good to be using the good old new version of GTK Radiant again for level making! used to love using that in Quake 3.