I gave the first two a listen in the car. Sounds pretty good. The levels got better in episode 2, so that's good. First one, at least for me, one guy would be distorting out the speakers and the next I could barely hear.
My only complaint would be that I'd like a little ... differentiation ... for the commercial spots. To be honest, alot of y'all doing podcasts sound about the same after you get run through the computer and turned into an MP3, so I'd be listening to a commercial spot saying: "This is ... off topic." before I 'got' that it was a commercial break. Even a: "And now a word from our sponsers" and a "we're back".
Content so-far is good. Are you planning to have guests on via Skype or whatever rather often or is Roudi going to become a permanent cast member?
I'd like to see a little more d20Modern-specific conversation, including rules discussions and the like. Seems to be mostly talking about non-rules game-inspiration elements so far. I like to see what people think of things under the hood, so to speak.
Keep it up.
--fje