And I gotta say, I'm digging it. :) I may just run some of this thing! What's interesting is that there are actually two different games here ... one is a somewhat-more-advanced version of the freewheeling T&T that us old grognards know and love, and then there's an "Alternate Special Edition" that has all kinds of crunchy rules for changing your character type with experience, different combat, and a new magic system. All of which sorta defeats the original stated purpose of Tunnels & Trolls, to wit, to be a fast and easy game without all those crunchy bits that D&D is saddled with.
I do miss Liz Danforth's art -- but at least she did the cover!