Well, I wouldn't say this is the greatest thing since The Legendary Moonlight Sculptor, but I won't say it's as bad as [insert name of most hated LN here].
I really want to say that we finally have a story without the obligatory tsundere that likes to beat up the protagonist (I hate and utterly loath this archetype with a passion), but alas I can't. I can however say that the dynamic is much different than any of the stories I've seen with this setup, so much so that it doesn't even come close to bothering me on the same level as it normally does.
Here's why: the reason the heroin picks fights with the protagonist is because she is genetically prone to... Wait, it gets better, her race (swordies -> I know, lame, but it is pretty self-explanatory) is so hell-bent on combat, when females see a sword practitioner of exceptional talent they get uh so um ex-cite-d, they un-sheath their swords and try to go at it with said practitioner. Well, the main protagonist is pretty awesome with a sword and has always dominated his swordy childhood friend (the heroine), so we know where that's going...
The story has some of the standard fare, but I must say the characters seem just-enough off-kilter to make it interesting. The setting is pretty far-fetched, and after the first volume we are still left with a few holes, but no more than most LNs.
Overall I'd say that this a half-way-decent to good read. Thinking about it, it's better than the last three volumes (13, 14, & 15) of High School DxD, I think it keeps up with the likes of Madan no Ou to Vanadis, is probably just a bit better than Gakusen Toshi Asterisk, and maybe just loses out to Mahouka Koukou no Rettousei.
Well, this is only with the first volume read (all that's translated as of yet). I'll try to update the review and score accordingly as I'm able to read more of the story.