I think the series is worth a watch, but keep in mind before watching that although it does focus on similar elements it is quite different overall. Part of the reason why it isn't nearly as good as the first series is due to the time constraints. Eureka Seven was 50+ episodes and this is only 24 so there isn't nearly as much time for character development and other themes to be raised. Also, the series feels at times like they are trying to do too much at once, which makes it somewhat chaotic and less fluid as the original series. I would say the later half of the show is more interesting than the first, because there are more references to the first series that fans might appreciate.
Bones did a very good job with the art for the show as well as the sound, although I think the ost for Eureka Seven was better overall.
The story and characters needed work, but mostly because the limited number of episodes allowed for character development and plot progression.
