So far it seems interesting. The intro and ending songs are cool, and the ending song has lots of chocobos! =)
I think i already mentioned the duel between the gun-nosed bahaumut and the silver leviathan at the begining.
The main characters seem to be a pair of late elementary(?) aged twins, some kind of weird mage/martial artist, and someone who looks kind of like a Vincent clone.
You get to see a summon spell towards the end of the episode, except it's really friggin bizare. The Vincent lookalike pulls out (pulls back his cloak to reveal) this big golden cylinder that morphs into a gun. He cries "summon phoenix" and shoots the monster. The monster then swells up and explodes, and phoenix bursts out of it.
I'm thinking about trying to download more episodes but a: i'd need to find a way to store them, and b: i'd like to have a more reliable file sharing program than morpheus to download them with.