I wasn't really sure about this episode either. I rewatched the pilot last week and thought that it made a strong case for Caprica as a series that could have rich characters and interesting conflicts in play. But I don't think "Rebirth" really did that.
I think what the show probably needed to do was either have a strong through-line that can tie in the major characters (a la "33") or focus on a few of the characters (like the Adamas, or the Graystones) and really establish that dynamic for the audience (a la any number of Lost episodes). As it was, I felt like there were a lot of interesting parts to the episode, but I never really got a handle for what these different parts of the world were like.
(Graystone's a good example of that; it would be nice to have an episode that established the guy's worldview and where he's coming from, because you're right that he seems to have two sharply different sides to him, and it's not clear where the boundaries are there.)
The one aspect of the show that I'm really into right now is the Tauron mafia stuff; it's more familiar than the combination of grief and mad science or the heady AI stuff, and I thought that the scenes between little Bill Adama and his uncle really sold their relationship pretty well. I don't know about the child actor, but the potential pull between Joseph Adama and his brother with Bill in the middle is something that I'd like to see more of.
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