So Okay Its Average
pretty much sums it up. I guess on its own merits the case might be made that it has some value. I can't think of any, but I'm unprepared to dismiss any possibility in a world where diet water is a thing.
I've seen a few abridged serieseseses in my time, and compared to others, it's just not that great. Nothing about it is particularly BAD (well, nothing other than Superboy and Kaldur's personalities), but very little in it is notably good, or especially entertaining.
I will note that for as little personality as Kaldur and Superboy have in the original series, this abridgement manages to go one better. They went from bland to bad. Kaldur appears to be a stereotypical "gangsta", Superboy is sexist and, for reasons I could not begin to fathom, Russian.
To recap, 4-5/10. Recommend if you're a fan of things like Plan 9 From Outer Space
and/or if you've got nothing better to do with your time. Otherwise avoid it.