I love mine so far, and just emailed Pepe about placing another order. The New Rey fits my foot great although it is maybe just a touch narrow in the toe for me. After looking at his chart, I don't think I could wear the Vil last comfortably for long periods of time. There seems to be a bit more arch support than most of my other shoes, or perhaps it is just more narrow there so I feel it more. In any case it is very comfortable. I guess the closest thing I personally have to compare it to is the C&J 348. It fits very differently from any of my AE lasts. The stitching on my pair is flawless, although there were a couple of minor marks on the leather, one naturally occurring on the tongue (not visible when worn) and another from the finishing on one side near the arch. Not a big deal but maybe enough to be marked as subs from C&J. The leather on my pair is very nice (at least on par with AE) and is the Naturcalf Cuero from TANNERIE D'ANNONAY in France: http://www.tannerie-annonay.fr/en/index.htm
The cap toe might not be 100% straight, but I'm not sure that's a defect instead of a "feature" due to the handmade nature of the shoes. The soles are fantastic! I really like the nailing at the toe and the fiddleback waist. For the price I think they are a great value and will be ordering more.
My wife also purchased a pair, loafers with a 60mm heel and she loves hers as well. She claims the leather lining is much more comfortable than her other work shoes (mostly Cole Haan and Brooks Brothers). Pepe was great to deal with, very responsive and helpful! He even gave the interior measurements of my wife's shoes as she was uncomfortable ordering online and they fit perfectly. TNT Shipping was a bit of a drag, not contacting me while the shoes sat in customs and then charging ridiculous customs handling fees. For my next order I will definitely request FedEx or something that goes to USPS instead.