I think I'd be expecting for something somehow better considering the fanfare and the collaboration of these two brands for which one can fairly spend the word 'iconic'.
Immediately after the presentation I felt underwhelmed, but then letting it sink for a couple of days I see it in a different light.
I agree with what many have already said here: more could be expected, a more striking design, less resemblance to umpteenth other TH models already on the market, some exclusive features that go beyond the proprietary Porsche font (!).
Yet it does look good overall, it sports a fabulous movement and has a wonderful symmetric dial, much less cluttered than the 2014 Monaco GP ltd edition. Of course the Heuer02 movement brings in the compax dial, another major plus for many including myself. And the price, compared to other similar chronographs on the market that mostly are not LEs, is right where it should be.
On the whole I think we vintage Heuer fans are a difficult crowd to please, but this could do well with the Porsche fans and the TH newer enthusiasts.