I really like this one.  I recently downloaded most of the ReMixes on the site (just before the damned torrent file, too...), but I hadn't listened to this one yet because I'd never played Phantasy Star before. 
ranting 
Well, a week or so ago, I was at my boyfriend's house and we were playing it.  It was on an emulator     My initial reaction was "Holy f*** this kicks Nintendo's ass!"  And so I've been playing it for the past week with a passion. 
Could someone please tell me how they made those dungeon tunnel things...?  I still don't get it. 
So...with my hard drive beginning to get a bit cluttered, I decided to put all OCReMixes on 6 CDs.  While organizing them, I was trying to decide which Mixes I should keep on my hard drive to listen to on a regular basis. 
Since I started playing Phantasy Star and never heard this Mix, I thought I'd better give it a go. 
/ranting 
Anyway, back to the actual 'review'... 
Generally, I'm not a fan of fun-kay music unless I'm watching 70s black-sploitation films,  but wow this ReMix is an exception. 
Everything just seems to fit.  The synth strings, e-piano, bass, the lead...thing all work really well together.  Without hearing this mix, I'd never think those instruments could complement each other so well.  I love the lead...whatever the heck it is...über-distorted guitar. 
The drums are just great.  The percussion is really what makes the song as good as it is. 
Someone, maybe DJP in his write-up, said the mix was short.  Perhaps in comparison with the rest of analoq's mixes it's short, but I think it's a good length for the song, personally.  Erm...actually the "Medusa" VGM file is the exact same length as the mix, therefore it fits (<=corrupted Lauren logic)  
Plus, there would be too much repetition in the mix if it were any longer, unless a break were added in or somethin'. 
Hm...I don't quite think it's as particularly good as some of analoq's other work, though, since the mix gets a bit repetative after a while.  I mean after several listenings, not one time around.  10 times repeatedly would be a bit much for me, but to each his own  
It doesn't lose its groove, though. 
I still have yet to play far enough into the game to hear where this music is, so I don't have an area association for the song yet...I have the VGMs, though.  Am I mistaken, or is the intro supposed to resemble the "Cave" music?  I know the actual song is the "Medusa" VGM, but I can't put my finger on the intro... 
Since my overall message is rather convoluted, I'll revert to the ol' ?/10 grading method. 
This mix is a 7.5/10 
The only downsides from my point of view are the ending and the repetative nature of the piece.  Both of those things are probably a matter of my own tastes, though, since I can't really provide any reasoning to back up either statement.