I just got mine, and I've put up a thread in the Black/green rifles forum. Check it out for more info.
Long story short, everything seems pretty solidly put together, but the finish is typical Norinco workmanship.
The lower appears to be a new CQ-A, just with a fixed buttstock. Rear peep sights and gas tube are a little funky, but I'm sure they function fine. If not, they're cheap parts to replace. For the most part, there doesn't seem to be the proprietary parts problem the old-school CQ311s had. I'll be throwing in a ton of aftermarket bits later, I will update as I go if there's any problems.
It's a struggle, but the rifle will accept MOE handguards without modification.
I won't be able to get to the range for a few weeks, but when I do I'll be testing accuracy at 100 and 200 yards, hopefully with a variety of ammo types.