I've never seen it "in the flesh," but I've read the instruction book (which is available on Model Expo's website. It looks to me like a fine kit. I have two reservations - neither of which I'd call a deal breaker.
One - I don't care for the way the company uses the term "Admiralty model." Apparently ME intends it to refer simply to a sailing ship model with its masts and rigging omitted. The proper definition of the phrase is open to some debate, I guess. To most people, I suspect, it brings to mind those magnificent English models of the seventeenth and eighteenth centuries, which were characterized by having no planking below the wales so the viewer could inspect the (stylized) framework of the ship. That approach won't work on this kit; it's plank-on-bulkhead, with no genuine frames.
Two - that figurehead really bugs me. In the first place, to my eye at least, it's out of scale with the rest of the model. And it's not attached to the bow right. It looks like it's hanging perilously onto the head knee, in imminent danger of falling off. The figure ought to have a wide slot in its back and the head knee ought to be mortised into it. (For comparison, take a look at how Mr. Passaro designed the head knee and figurehead of the MS Confederacy. To my eye that one looks right.) Since I don't have the kit in front of me I can't comment on how hard that problem would be to fix; I'm inclined to think the kit might need a replacement figurehead.
Do bear in mind that this kit would be an enormous project - especially if the modeler hasnt built a p-o-b kit before. If I were doing it I'm sure it would take several years - without taking time out to build any other models. On the other hand the results could potentially be spectacular (though not as spectacular as such a model with spars and rigging would be). And ME's current 45% off sale (which I mentioned in another post a few minutes ago) would make it a reasonable investment.
Youth, talent, hard work, and enthusiasm are no match for old age and treachery.