I just watched the first one. No spoilers below, just some thoughts:
-Had some classic Macross staples like the popstar, the androgynous guy etc...
-Valkyries seemed pretty cool with much better 3D than most.
-The plot and new antagonists are pretty War of the Worlds-like but after just one episode it's pretty hard to tell where they're going with it.
-The style was current so don't expect any retro-macross business. I guess that about falls in line though becuase you can look at any of the older Macross series and know when it was made. This looks totally 2007.
So one episode in, it seemed like it was gonna be alright, I wasn't Code Geass blown-away but it wasn't a bad start by any means. A lot will depend on what they do with the story I guess.