I'm in broad agreement with repetitive electronic music (what up, polarity!) Varg is a talented musician, that much is clear. But what I've heard from this album lacks the dynamics and distinctiveness of his classic material. HLTO is basically my benchmark for judging any subsequent Burzum material, and this stuff isn't even in the same ballpark in my opinion. It sounds like something anybody who knows how to tremolo pick minor arpeggios could come up with. The only thing that makes it in any way distinctive is the fact that it's Varg coming up with this stuff. But it sounds like he's copying a dumbed down, easily digestible idea of what his music was. I'm not impressed by what I've heard so far.
edit: probably one of the only things that this stuff has going for it, in my opinion, is that it's kind of catchy. That's fine, but it's certainly not something that attracted me to Burzum in the first place.