When I saw the loli-tag one month ago I was all "ewww" and skipped it. Then, a few days ago, I found my way into this manga somehow bypassing the description page or skipping the taglist and I have to say, this manga made a quite decent impression. No flashing of panties, no lewding the loli, even the other female cast is threaded in a much more respectful way than most mangas do. Only one woman with huge knockers so far and they didn't spill out up until now. Most of the time they are even hidden behind breast armor. (Chapter 15)
Oh and the story isn't Shakespeare, but it isn't too dull either. I believe it is this way, because the characters aren't in battle all the time or in pursue of a harem. The author is setting the foundations in a nice pace, while keeping the readers sightly entertained with slice of life and some action. It's more than okay, but less than superb. Still a worthwhile read imho. Yet I'm stil not too sure about the loli-tag.