At first it's cute and all that, but it gets old. There's no conflict or goal anywhere in the story. It's like we're just reading about the daily life of Soubi and Waka. It's boring, but very adorable!
Also, I don't get why the characters crossdress. For Waka, it's just so he would look cute. For Soubi, it's just out of convenience. Why are the adults allowing this?