I haven't looked at this in a bit but yesterday I started scanning this again and once again I thought it accomplished what it set out to do. That is give us a retro clone feel with a lot of the new thoughts on old gaming included. The four basic classes are there (FTR, CLR, MU and TH) and are done well. On their site there are additions that can be used and those add more to the game obviously. The rule of ascending AC is instituted, there are no 0-level spells but for the most part it is at simple rules set that is easy to teach.
My 2 cents, and the reason I am looking at this as well as Microlite 74 is just to have something sitting with me on my Ipad for those moments when you need a game to pass some time! ;)