I like what Godowsky does with the piece, however it is not enough imo.
He plays the intro much slower, but really makes it dynamic, like Liszt intended. He doesn't just mindlessly rush through it, but gives a really good impression of where the piece is going to.
However, there are some parts where I wish he played with more passion and fury. Especially from 00:55 till 1:12 he plays too slowly for my taste.
The way he structures the piece if phenomenal. This is a really good basis for the piece itself to stand upon. Now, within this structure, he must release more fury in a sophisticated way, stay within that structure and control, but with more passion.
Considering two aspects, Heart and mind playing; he controls the Mind aspect. Now he should add that passion that comes from the heart and gives it the magical, finishing touch.