I've watched up to O-L's standing release of episode 9.
First off, it's not racin' animu like some who only watched the first few minutes believe. It's closer to Kikaider, where the main character who dies in episode 7 or so turns into something like a tokusatsu hero. That being said, its not like a tokusatsu. Nitro+ did a fairly good job with the story, (Demoniacs are actually the peak of universal evolution and Nishii's character designs are solid. But Nitro+ and Itano were my main reasons for picking this up.
As far as LOL GONZO QUALITY, there's surprisingly less than you'd expect, most of it during in-between work. But, as I've said, I'm only up to episode 9.