I'm not sure about Luke- I like the commtech body except the lack of wrist articulation, but I really don't like this head better than the commtech head. It's okay... but it's not amazing. The commtech head looks like Luke in ESB to me though, so it's not quite perfect for ANH either.
What really botehrs me about this head though, is that his lips seem to be brown- the same color as his hair. Why?

Why not leave them skin tone? As it is he reminds me of my old mid '90s-era Bend-em's Luke.
I could swear I'd seen pictures of commtech Luke that didn't have the boot paint on the knees like in the comparison picture... but if they all do, then that is a good point of improvement on this new Luke. Actually, other than the lips the paint is good as a whole.
The accessories though... they seem to really make this figure. The poncho looks very nice, and I love that box- the pilot headset is a wonderful little touch, and the training ball thing is appreciated as well (although I would've liked a removeable one even better).
But the lightsabers aren't as cool as they could be; Obi Wan's should be removeable, and Luke's is kinda... simple. There's no paint, no hole, and it doesn't fit on his belt... I wouldn't complain about owning it but it's not the epitomy of awesomeness either. I would've liked to see an ignited saber or a removeable blade here, too- heck, just reprint the saber from Evolutions Anakin and it'd be cooler.
He looks kind of cool, but buying it isn't too high on my priorities list :/ R5, though, I'll be getting as soon as I can afford to I think.