I voted revised, but it was a close thing.
I liked the removal of Tomes. I did not like the idea that "magical tomes" were limited to particular types of magic, or the idea of "+3 book." It just didn't sit right with me. What happens if one page is torn out of a 100 page book?
I did not like the traditions. Specifically, I do not like AT ALL their names. Maybe the mechanics are fine (I have no idea at this time), but not the 'fluff'. Yes, the PHB has an implied setting, but (1) it should be weak tea so as not to interfere with a published setting or a homebrew one, and (2) I just don't like the fluff here. At all. To me using terms like "Iron Sigil" or "Golden Wyvern" in the core mechanics will be like incorporating Planescape or Dark Sun - some people will love it, but at the cost of alienating many others.
And what's wrong with the Schools at written? A lot of people have a lot invested in those, and some of them even make sense. I'd much rather they tweaked those than tried to reinvent the wheel here.