I enjoyed it well enough, and thought it definitely heavily used the Odyssey for outline structure and satiric inspiration, such as for instance they visited Calypso's island, and they also visited the underworld that Odysseus and company did, and I also thought maybe the space fighting was, accordingly, somewhat of a satire of the Iliad.
The version I read, The True History Decrypted, had some very strange annotations, lol. It was a smorgasbord of quality. Some were good, and others were so obvious and extraneous as to be funny. At the moment I can't think of examples but I might go find some to post.
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