There are already a lot of reviews for this 23 page product, so I'm not sure how much I can add... but I figure I should chim in.
The Bleeding Edge is good. It's well written and presents the core themes of Cyberpunk, along with some new Merits to represent those themes. But it's not great, and serves as an example of using a limited word count improperly.
Bleeding Edge has three broad sections - Introduction and cyberpunk themes, mechanics, and storytelling elements. The first and last sections are great - the right length and well written. The mechanics, I feel, did not use their space well.
There new mechanics are three Merits - Origin, Role, and Plug-ins - along with Alienation, a new Morality alternative.
Origin and Role are basically Merits that put a mechanical advantage to something you did anyway - create a character concept and character backstory. The mechanics are sound, but the first thing to go through my head was, "Is this really necessary?" The second thought was, "Do these two Merits need to take up 8 pages of a 23 page PDF?" Both of these Merits just feel like unnecessary bloat - why do characters need free bonus specializations when they should already purchase those based on their character concept?
Plug-ins are great. There's just enough here to give you ideas, but leaves you a system that can be easily expanded and modified. For example, I'd really be interested in giving some plug-ins a "Passive" mode, where they have an effect that doesn't require the expenditure of Willpower.
Alienation is pretty thematic, and represents how cyberpunk characters drift away from "civilized" society. It charts a course for the character's story arc as well, as they accept more daring jobs and are forced to commit more horrific acts. I approve.
All that said, I'm fairly happy with my purchase, I just felt that others should be aware of what they'll actually be getting with this product.
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[3 of 5 Stars!]