I like the new system quite a lot... It makes the game less dependant on dice rolls than the previous system while leaving quite a lot of choice... You can for example use the necro death wish while still having armor... You can kill something with huge amounts of armor with piercing damage
And most of all, it simplifies the system a LOT by removing all of the damage reductions that you previously had to deal with (not knowing if your skill would deal 100% or 50% is quite a big deal)

Overall I think it's a nice system that allows for a more balanced approach and more diversity in skills and interactions