Well, first and foremost the LE6920 Anodized Magpul edition (Model: LE6920MPFDE) lives up to the standards Colt is known for.
The big question when it comes to Colt ARs in my opinion is––-are they worth the money they charge over lower priced competitors like PSA, Spikes, Windam, ect... Tough to say as it's an individual decision. I generally only recommend Colt ARs to people who don't know anything about ARs and have a ~1k budget because you really can't go wrong with one. But, I'm certainly not a Colt fan-boy as this is the only Colt rifle I personally own and I have nothing but good things to say about my other PSA ARs. I only bought this one because I got a good deal on it and I sold another rifle I bought years ago and made $450 on it to put toward this AR (and because I like shiny FDE products!).
-1 in 7 chrome lined 16.1'' barrel with A2 style brake
-MPI (or MPC as Colt calls it) inspected bolt
-Anodized upper, lower, and buffer tube
-Magpul stock, rear sight, pistol grip, mags (2x black PMags), handguard, and VFG included
-Cleaning kit and sling included
-Good out of the box mil spec trigger (pulls crisp between 6-7lbs)
-This model has LE serial number (some people think this is a big deal, not me however)
-Reliability (0 failures of any kind through 500 rounds, the vast majority Barnaul ammo)
-Stepped M4 barrel isn't used/needed by the vast majority of shooters
-The anodization seems to turn color or hold carbon on the inside of the upper even after being cleaned(the video shows it better than I can write it)
Bottom line: You really can't go wrong with the 6920. If you're looking for a quality, reliable, out of the box AR at around $1k this rifle deserves consideration. You can probably get a similar quality rifle for less, especially if you build it, but you'd probably be increasing your chances of getting a lemon.
Here's a video with some discussion, shooting from 15m, 40m, and 75m (the farthest line of sight I have on the land). I also do a quick table top discussion and chrono some Hornday TAP 75gr and Silver Bear 62gr HP rounds.
Hornady 223 75gr TAP: 2437fps, 989ft/lbs energy
Silver Bear 62gr HP: 2687fps, 994ft/lbs energy