Excellent setting, full of charm. It is a captivating universe delineated in this book, every planet, port or asteroid described with a gripping narrative that invites for adventures to be set upon them.
The premise of a Victorian age Space Colonization was done before, by Space 1889, among others, but this book has a much more charming and enjoyable way of doing so.
I didn't tried the system mechanics, since I prefer to convert every setting to my system of choice, but they seem sound to me. It is a modern system, with emphasis on fast conflict resolution and interaction between characters.