I wanted to watch the first episode because let us face it, it is an anime about girls and underwear. (hey just so you all know, I did endure the first episode of Queen's Blade too, just because I wanted to see that was about.)
What I expected - PERVERSION TO THE MAX.
What I got - Pervision AND THEN SOME MORE wrapped up in an uberly cute center.
This is honestly moe, but I would like to think that it is a sort of Yakitate!Japan for perverts, minus the bread of course.
Would I suggest it? I don't know, the jury is out until the second episode.