It looks really, really good from the photo on their webpage. I particularly like the grille, that appears to be backwashed, giving it a much more realistic look than a plain chrome grille.
I have been looking at the previous issues of the Oxford from Vanguards (dark green) and been very close to buying, but always made last moment decisions in favour of other models, mostly because I already have Vanguards' sister model, the Austin A60 Cambridge. That one was issued way back in 2001, though, and comparing the two, the Morris looks much better - the Austin had a plain chrome grille (with the exception of a black Austin badge) and it really makes a difference.
Now if Corgi/Vanguards could also make an alternative version of the Morris Minor, the late one with the big turn signals like your Oxford and big multi-coloured taillights with chrome housing, I'd be very quick to snap one up.