Hey Chain Lightning!
Yeah, I'm a big He-Man fan. I remember waking up really early (He-Man was on at 7am) Saturday mornings when I was a kid to catch it. I also had a fair chunk of the toys.
The new cartoon is actually pretty good. The anime influences aren't as jarring as I would have thought had someone told me in advance. The mythology is mostly dead-on, including Teela being the daughter of the Sorceress.
The changes they have made aren't bad (although I could have lived with them changing Man-At-Arms a little less) and they mostly serve to update the characters with newer technology.
Whiplash (my favorite villain from the old toy set) isn't as cool as he was, but I figure that's at least partly due to a much more mature set of eyes viewing it this time around.
The show seems to have a larger focus on the other major races of Eternia (like the Avians and the Bee-people), and they seem to have an eye towards developing a major backstory for some of the villains, Whiplash included.
I haven't seen much of the toys, except for a Skeletor (I wasn't impressed with the head) and a Man-At-Arms (not bad).
What about you?