Yeah, I'm watching it. It's pretty fun. A bit too goofy, but I barely recall the old Voltron, so I don't really remember it, other than wanting to look like that Prince guy.
Also, am I crazy in remembering a second Voltron that was composed of cars, planes, and spaceships? I only ask because the USSR bought their cartoons directly from Japan, and as such, some of the shows we had never aired in the US (like, who actually heard of Transformers Victory, or Headmasters)?