Reserator 2 finally showed up, and I've begun the installation.
Things I don't like:
The resevoir has a tiny hole in the cap (designed to prevent a sealed system, I presume). It also means that you can't tilt it on its side for carrying or it'll dribble a little bit.
The 'quick connect' fittings are that, but when you disconnect, they leak a small amount of coolant. C'est la vie, I suppose. I'm not sure they're capable of keeping the cooling in the tubes when disconnected without dribbling, either.
The impeller in the flow meter on the resevoir/pump makes a quiet clicking. Think of it as the tell tale heart.
The CPU block was pretty nice, and went on reasonably easily.
I haven't tried the VGA cooler, since my card is passively cooled already and don't want to upset it.
You need distilled water, which I wasn't expecting. I went out and the local corner store had some (kinda surprising to me) and it doesn't take much (1.25 liters).
Other than that, it comes with everything you need.
I've spent about an hour installing tonight, and I'll finish up tomorrow when I'm ready to route and cut tubes.