I don't have much to say about this edit, I'm a big fan of Homecoming, and I believe Homecoming is better than this. However, I do see the appeal of this edit, and still recommend checking it out as I think this edit accomplishes it's goals really well.
Besides some unfortunate audio issues, such as the low voice volume when Iron Man 3's theme plays, the editing is pretty great. I really enjoyed the getting rid of '8 years later', as well as the rearrangement of the final/credits scenes.
It's been a few weeks since I saw this so the finer details escape me now but this is a very well done fanfix. It doesn't fix all the issues I had with Marvel's first Spidey offering but then again it would be about an hour long if I got my hands on it and would make little sense. The rescoring was very well done and incorporating Elfman's theme as Peter arose from the rubble at the climax was a nice touch. Nothing at fault editing wise and the cuts chosen all made sense and are done seamlessly.
Succinctly put if you had minor issues with the original version and Bobson's cutlist looks good this is the edit for you. My only lower mark would be cheifly for the enjoyment factor which is down to my view of the film itself being tarnished on subsequent viewings (initially I quite liked it).