Figured this deserves a thread. The first two episodes are out, though only episode one is available to non-sponsors at this point (ep. 2 will be available in 5 hours) Edit: Episode 2 is avaible to non-sponsors now. Episode 3 has been released for sponsors.) Relevant Link

So far it's pretty much meh. The character designs look nice, and it's kind of amusing, but not really a must watch. The innuendo did manage to get a chuckle out of me, admittedly.

Those who didn't appreciate the darker direction RWBY took in V3 might like this more - it pretty much just falls into the category of "cute girls doing cute things".