ok, i am going to say that i really had no hopes for this show and just DLed the first two episodes on a whim, but I'm pretty impressed so far.

First, the OP: beautiful, good song, great pacing. The OP alone makes me think this show is going to be great, it's just so damn well done.

Second: the main character. I like the guy. He seems like your totally normal high schooler. His humor cracks me up, he's got a good sounding VA, and he pulls off the 'determined but not deathly serious' attitude very well. The other Zega pilot (Lucien), the girl who wants to become a director, the effeminine kid and the protagonist's estranged friend also get nods for good characters.

Third: Plot. Ok, granted it's only been two episodes, but this show looks to have a very interesting and well thought out plot. The shit with the clocks stopping, going backwards and people disappearing was freaky. I also get the feeling, especially after watching the OP again, that the 'real world' isn't real at all. But all the technology in the Zegapain 'world' smacks of being artificial and somehow not real as well... Also, the protagonist's past with his estranged friend looks damn interesting.

The mixed:
Animation: Beautiful stills, good character designs, detailed backgrounds. Battles aren't so great, crappy flow, recycled animation (and it's only episode 2!), ugly ass mechs! The Zegapain mechs are ugly as sin!

Music: Not much to speak on here. The OP and ED are great, but the rest of the tracks don't stand out too much, which is neither a good or bad thing.

The bad:
Mech Design: Good fucking god the Zegapains are UGLY mechs...
'You look just like my old dead romance': Seriously, the forms of these love stories are getting old...
Megami Fansubs: I hate this group. They don't translate the OP or ED, they have typos, they blew at Zoids Genesis (Zoids friggin Genesis guys) and I sincerely hope that a better group picks up this show pronto.

Overall: An approving nod. Feels like an action/mecha show that is going to rely on its plot and characters to drive it rather than action, which I'm totally fine with. I'm sticking with this one for the long haul.