Has anyone seen, shot, handled, or heard about the new S&W Model 25 in .45 Long Colt?. If so what is THE GOOD, THE BAD, AND THE UGLY?

Ugly? There ain't nothing ugly about the model 25. Bad? Only if you're on the receiving end of a .45Colt.
Good? N Frame S&W are a favorite of mine, and the .45Colt cartridge is hard to beat.
I owned a model 25 back in the early '80's, and now have another - the .45Colt "Mountain Gun". Great revolvers. Never had a problem with either one.
Accurate, and fun to shoot too.
Just one caveat, if you want to handload hot rounds in .45Colt then go with a Ruger
Blackhawk, Bisley or Vaquero. The Ruger will take that stuff better than a S&W.