I like it. These are they type of colors I tend to favor, and I love the Naked Smokey (I think I'm in the minority). I definitely plan to get it, but I think a lot of people will have trouble wearing it, because there are really no mid-tone shades, and I can't really see a red smokey eye becoming a hot new trend this summer.
Urban Decay has definitely been reaching lately - first Jean-Michel Basquiat and now this. I wonder if they are trying to get back to their 90's roots.
ETA: vintageortacky did a video using the palette and is is NOTHING like Naked 3, or TF Sweet Peach. The color palette is similar to Modern Renaissance, but MR is SO MUCH MORE wearable than Naked Heat, it's almost laughable.