I prefer this to Cepheus Quantum, since the latest version took out the Classes now and just tells you to distribute the five points however you want. It also removes lifeblood (I'm pretty sure the original version of CQ has lifeblood, though I could be wrong). I think the perfect system could be a hybrid between this and CQ, where you go by this for everything it says, and then go to CQ for everything else like starship combat and Star travel.
Question about the Basic Mechanic, though. It doesn't say that you receive a penalty when trying to do something you don't have a skill for. Traditionally, Traveller games give a -3 penalty although CQ has a -1 penalty. Does this system just treat unskilled checks as "zero level" skills?