...DnD Next, is definitely not for me. Yes, it feels and looks an awful lot like earlier editions, but I'll be honest, I'm happy to not be playing those any more.
I can confirm, having read the playtest material, that if it represents the "forward" direction of D&D, I'll be digging in my heels, and fighting not to be dragged, screaming backwards...
Still, it means more and more 4e stuff here for you yet to come, and lots of freed up cash to spend on minis and other things.
It may also be the thing that finally brings many old school players back - just not me - and that's a good thing for the hobby. I LOVED AD&D 1st and 2nd ed, practically worshipped 3.0 and 3.5, played old school "basic" D&D (Shadow Elves FTW). However, I was swept away by 4.0, and it feels like the right fit for my high-magic, epic games.
I know the material provided is very much alpha, but it feels too much like 1st ed. It's killed my interest (what little I had) as quickly as my 5th level fighter (5/2 attacks), kills a 1HD Giant Centipede.
Sorry Wizards, but you will be losing this customer after 24 years of loyal, slavish devotion.