I am now into session three of the new TEW, and I have to say - outside of the novelty and originality of the original - the new one is more satifying, fun, and structurally cohesive in every way. The adventure is so compressed, with so many ways to tailor and expand the writing for your individual group while providing the most novel and interesting villian idea ( the BC) probably ever that I have seen in an RPG. The writing is designed to create dramatically satisfiying outcomes while being condensed and flexiable. Pulling a 3-4 hour session from 3-4 pages of writing is pretty good stuff!
I played the full original TEW both when it came out and with Hogshead reprints - I have to say this is vastly superior adventure experience using a more cinematic and satifying mechanic. I HEART NEW TEW!