I hope you can explain to us what kind of problems you are trying to solve - there are often people who try to improve a language or make a universal language, and so far they haven't taken off; I think we need to know first why there is a problem, and then how you are going to solve it.
I wouldn't say so much that it is a serious problem or problems we are trying to solve, but rather, a series of inefficiencies that can be extended.
Keep in mind that language is the seat of consciousness. Our very perception of the reality around us is situated atop our ability to cognizantly describe and objectify that reality through words.
So on the human level, we are changing/improving/adding to the very way that people will think. This alters every part of life and society.
Think about the difference between a native English speaker, who thinks in words, and the average Chinese speaker, who thinks in images and pictures. Imagine mixing these two forms of thought into a single form, and the effect it might have on the intelligence/wisdom of the individual.
That's just one angle from the human perspective. There is also the artistic nature of Chinese characters which the English language doesn't get to enjoy to the same degree, which New English would help fix. Over time the artistic rendering of a character will lead to deformities in the shape and meaning of a character, lead to new puns and ideas and other grammatical forms. Natural evolution of language.
From the computational side of things, optical recognition software can currently do a fairly good job of allowing the computer to "read" text that it sees (ie: from a webcam, or a scanned ebook document). However, a block structure/pseudo-ideogrammatical format creates consistency between Western and Eastern language forms, allowing a computer to more easily "read" the text due to its geometric nature.
Well, that's all for now, just some food for thought. I have a bunch of boxes to pack over here (moving out of New Orleans this weekend), so take care, and I'll post some pictures here of the prototypes at some point.