Personally, while I do like the model by itself, I find it too tame looking when compared to the import the Spatial is using atm. Maybe the new model is just too symmetrical. It does make it a tad bit boring to the eyes. It also looks too sleek to be a "Deep Space Explorer".
Essentially, I could just summarize my complaints as "it doesn't feel like a Spatial" to me, while if it were a completely new ship, whith a different purpose, I wouldn't have complaints (or at least, not these) about it.
I still will be using a Spatial in 4.87 though.
Can't say much about the PvP part (yet), but I expect it to be better than the current one is.