LB anime wasn't exactly hyped, I think. The "hype" was how it's going to be doubly horrible because 1)it's not KyoAni and 2)it's JCStaff. If you can ignore those two and see the show as what it is, then there's the fact that this is adapted from KEY's work, which I can tell from experience can be a huge range of hit and miss among the viewers.
Anyways, for the episode. Looking good so far. Really takes me back to when I first played this. Animation has much to be desired if you're nitpicky enough, but it's not horribly terrible or terribly horrible, just alright. I just hope this means more stable quality throughout. The OP was okay, but I still preferred the older versions I guess, though Alicemagic was alright. I will refrain from commenting about the story for now and just let everyone judge it by themselves.
anyways, one last thing