It is indeed most excellent!
The immersion factor reminds me of how I felt the first time I installed and played SFC 1.
Be warned on some lower to mid end systems (like mine) extensive tweaking may be required!
(I was extremely unhappy until I fixed 90% of graphics, lag, and sound issues...)
It will definately require a patch or two to refine some rough edges, but I've already had several WOW experiences just like I did when I first played BF1942.
And the MODs for this game will be worth the price alone!
If you love BF1942 this is a must have - just give yourself a few hours to get used to the changes - a solid 85 out of 100 imho. (and that's a pre-patched rating)
Now if only I could pull myself away from it long enough to install UT2004... Sigh...