The Good - S2 for honor provides some nice stuff, some of which is actually quite useable in PVE; apparently, the control mechanisms introduced by Blizz will help stop wintrading teams;
The Bad - Virtually every item is subjected to arena rating restrictions, so newcomers are bound to be stocking arena points as they get their arse consistently handed to them during the first couple of months;
The Ugly - the design... why, lord, why?!