Yeah, I was drooling all over it yesterday. lol
It looks awesome!
As far as I understand, the Y-wing unveiled yesterday for the Clone Wars TV show is actually a precursor model to the A4 model Y-wing we all know and love from Episodes IV-VI (if it is, then they're creating some MAJOR problems with continuity lol). Which doesn't date back all the way to the Clone Wars (about 18-21 years). That's waaay too far. The basic design would make sense to have been around for about that long though.
LFL has already unveiled what a brand spanking new, "just-off-the-assembly-line" BTL-A4 Y-wing looks like (with all the coverings, panels, and proper paint schemes applied) in the Incredible Cross Sections books. Which looks freak'n sick, if I may say so. 
Artificial intelligence is no match for natural stupidity.