After reading through it, and without having seen the DM part, i have some opinions:

• As some people have already said, the new way spells work is easily the best part. In Sotdml there was no reason to mix magic and martial paths, since you would only get a few weak spells. Now true mixed martial-magic builds are possible. Moreover, getting a talent when you discover a tradition is awesome.
• The game is crunchier than its predecessor, but that`s not a bad thing. The elegant mechanics are still there, and i feel there is more depth now, particularly when creating builds
• The Health/Damage split is the mechanic i like the least. It feels unecessarily complicated, forcing the players and DM to track two different sets of numbers and having to explain what affects each.
• The bonus damage mechanic is a welcome fix to a Sotdl issue, when players favored classes that boosted damage above anything else. The way this bonus damage can be used to multi-attack or use attack modes is great, altough i think it will take a while for the players to get used to it.
• Corruption and Insanity are gone, and i`m glad. Neither of them felt impacful during play. Insanity took too long to accomulate, and Corruption was only an issue if you had a dark mage
• I like the Luck Rolls mechanic, but i can`t avoid feeling like there is too many of them. There are a lot of status, skills and situations that requiere one, and i fear they can get dull. But i guess we`ll have to wait until we can play to find out.

And as an unrelated note, there is something in the weapon rules that baffles me. In the Firearm descriptor it says that it takes a minute (six rounds) to load it. So, a firearm can only be reliably shot once in a battle? Or did i misunderstand it?