On the whole - like that the line seems "scaled back" in comparison to recent years. Definitely a lot of stuff I can either grab only one of to have in the MIB collection (like all the re-released vehicles). Here's my thoughts broken down by sub-line...
The good: Hoth Luke, Death Squad Trooper, Darth Malgus - nice reveals. The stuff we were shown at SDCC is still cool - love the focus on EP1 this year. Lots of ultimate versions being offered and some nice gaps being filled.
The bad: Where's Ponda Baba, Bastilla Shan & Echo Base Hoth Rebel on those "They're back" slides? Why is Barriss Offee on there? There's one of her just sitting at my local Target right now, she has NOT been hard to find. Same goes with Bespin Han, I love the figure, but he has not been hard to get either.
The huh?: Vintage Collection Vehicles - gonna wait on these, probably going to completely pass unless I find out the decos are new and improved. The paint aps on the Torrent Starfighter could have totally been improved, so here's hoping.
The good: I personally like that we're getting one more of the Training Armor clones for the squad, would be cool to see them finish them off eventually. Like the Clone Wars version of Republic Commando Boss. Good to see Aayla coming back - she was a hard-to-find figure.
The bad: Not pleased that we're not being given more opportunities to get some of the Fall '11 figures again and with all of the releases of Shirtless Savage, you mean in 2012 Wave 1, it couldn't have been the armored version instead? Also there didn't really seem to be too much "new" in there. Oh - and if you're going to give us Cody w/the super-huge backpack and a Phase 2 helmet, why didn't the recent Rex just come with a Phase 2 helmet? Why did you need to have yet another Rex release just for the new helmet?
The huh?: The Obi-Wan and Anakin figures look to be soft-goods/better articulated versions of the ones that currently clog the pegs, not sure why these versions couldn't have just been the versions they released in the first place, maybe they'd be clogging the pegs less. Also why isn't the new version of Ahsoka also making a come back? She should be consistently in rotation IMHO.
Saga Legends Movie Heroes & Discover the Force:
The good: The idea of the light-up lightsabers is cool, so gotta give Hasbro credit for trying it again.
The bad: We're going to be swimming in Qui-Gon, Obi-Wan and Darth Maul figures - there will be FOUR versions of each figure out there at once (MH Wave 1, MH Wave 2, TVC Wave 1, DtF Wave), I guess they've learned NOTHING from the Anakins and Obi-Wans we're constantly swimming in now between the CW and Legends lines. Also, not sure why the new Anakin and Padme sculpts couldn't have just been in the Vintage collection. These outfits are iconic to those characters and really should be represented at some point in the vintage line - hopefully they will be in the vintage collection keeps going...
The huh?: The entire concept of the "Discover the Force" wave has me scratching my head. This looks like the same thing as the Dark of the Moon Optimus Prime that came with 3D glasses only expanded out to a 12 figure wave. But why? With there already being so much cross-over between characters in the Movie Heroes wave 1 and this (five figures), it almost seems to me that WalMart would be insane for even carrying the Movie Heroes Wave 1 case. And out of the six new figures, why only put four of them on Vintage cards later in the fall? With how bad WalMart has been lately, I cringe at the idea of even being able to find all 12 of these, let a lone doubles of Ric and G8-R3 to open. And like Jman, I am totally rolling my eyes at this cardback design with the 3D glasses attached.
So all-in-all - not really wowed by anything shown, again, glad the line seems rather dialed back compared to previous years. Almost looks like they're "winding down" Clone Wars, with this being the second-to-last season, I can see them being totally out of the Clone Wars animated line by the time the 3D version of ANH hits.