Aw HELL yes!
The best superhero RPG on the planet is BACK!
Taking a closer look through, I don't think this SRD is nearly done cooking. The text, at least in the General Rules section, seems to be a verbatim rewording of the original game, with muddier language and bloated verbage. It basically needs to be side by side with the original to be fully understood. And when comparing the two the overall structure is so similar that it's dangerously close to a copy of the original game's text.
I'm taking advantage of the license to do a polished up rewrite. I'll post it up when it's finished. So far I've knocked the word count down to about a third, pulled together some mechanics where the explanations were scattered throughout the original text, and swapped in some more intuitive terminology.