Video quality-wise, it looks like that samurai period drama I saw on NHK Friday night...
Uts is pretty much right about the quality issue. It's not that they don't have access to high quality resources, it's just that they don't seem to care about the issue. Probably the only advantage that Japan has using video for live action TV is that (at least from what I've seen) it's very high quality video: I've actually been impressed by how much detail can be made out, even on a slightly older TV like mine.
The "Saban Sailor Moon" demo was actually about two minutes and thirty seconds long, and Toei rejected the idea outright. I have it on Sarah's hard drive...
As for this new Japanese version, I've actually been somewhat interested in the project ever since it was announced several months ago. Even after the "Um... okay." moment I had when I first saw pictures of the main cast (both regular and Senshi versions), I was still interested, mainly because the idea just sounded interesting and unique.
And now that I've seen stills from the first episode, I have to say that I'm still interested.
Thoughts based on images:
It looks like they've actually put a lot of effort into it for the most part.
Restricting the girls' hair colour being anime accurate to after they change into Senshi was a wise decision, and hopefully it will have people take the show more seriously.
Making Luna a plushy rather than a real cat seems a bit odd, but it's probably better than working with a damn cat and the delays/headaches it would cause.
I would have liked to have seen more caps of the monster, just to get a better idea of how it looked. And from the stills, it actually looks like they pulled off Moon Healing Escalation pretty well, in that it doesn't look too silly (you just gotta love the final pose

)...
The face grabbing gag looks really awkward, and frankly should probably have been left out. Some gags just don't survive the translation from anime/manga to live action very well...
At least Ami-chan's still pretty cute.
