I read the reviews in "Space gamer" and in "White dwarf", but they tell us little about the magic system.
The one contained in "Space gamer" says that it is pretty innovative, and that both (magic and combat system) are quite complex.
So, apart from the few sentences we can found at
rpg.net here:
http://index.rpg.net/display-entry.phtml?mainid=3368
most of us really don't know anything about this topic.
A piece of fantasy
RPG history lost forever? Sadly, it might be.