I like the model, and that glow efect. Along with the other ideas for V2, I have these:
-Curved handle versions
-Dual sabers (Red+Red, Blue+Blue, Green+Green, Blue+Green)
-Parry mode (by holding right click, bounces all non-exloding projetiles from the front)
-Blaster+saber (blaster in left hand, fired with right click)
-Saber+Vibro-sword!
-Activation sounds+animations
-A faint light from the blade...
Ninja Edit-I also support the double-blades Saber Ideas. Make several diferent colors for teh double-bladed.