I must say the new system is far superior to the old one. It is clean and elegant to a degree. The increase in stack size is monumental to say the least. Additionally, I especially like the fact that the items can be in your bank and not have to be in your inventory when crafting. It is a very cool global feature in my opinion; a nice selling point I might add.
I still wish we could customize the items we craft but I'm aware that functionality is not possible at the moment. Nonetheless I hope it gets in game soon however. Additionally, I look forward to unique icons for each of the trace particles. Management of them currently is rather cumbersome to say the least.
BTW: While I'm on the topic of the unique icons, it is a nice opportunity for some good old fashioned community relations building! Why not have a contest to design the icons?
In the old Crafting System, the items could also be in the Bank. I did much crafting with items there.
What I like the most about the New System is that I can actually make use of the items I craft. With the older system, the Drop Items in fights were better for the most part than what could be crafted, that has changed as far as I can see. I outfitted a ship with Crafted items since this new set up was implemented.