I also watched this on a whim, and it was good enough to make me download episode 2. It's pretty entertaining, and I haven't seen a fantasy anime in a while, so I'll keep with it.
There were a few things I didn't like. I really hope they don't milk the "I am a man with no past" cliche that was evident in the first episode. I also didn't like how Hakuoro just kind of decided everything on behalf of the villiage in episode 2 (Even if it is just to show how influential he is to these mild-mannered folk, I still think it's a tad corny), or how his name was suddenly decided for him.
Everything else is great though. I like all the characters so far, especially Teoro. I hope some of the other villiagers' personalities are fleshed out too. The fight against the Mutikapa was also really kewl. Heh, I also noticed that no matter how many violent anime I watch, I'm still a pretty soft person, as I felt really bad when Mutikapa killed that family, and then when she was killed herself. Her cub is cute though. I hope it grows up soon.