It's basically Lucene with a nice JSON/RESTful interface and distributed out of the box.
Unlike most other Lucene based systems that I've played with it allows you to get started without having to define your schema upfront, so you can just chuck data at it and worry about field types later.
It's under constant development and the community is really helpful.
There are people on the mailing list which are using it for some fairly hefty things.
Usual case of YMMV and as with anything it's worth taking a bit of time to try out the various options and see how they stack up for your usage. A good thing about ES is that it's so quick and easy to get running that trying it out and doing some benchmarking is pretty trivial.
http://skillsmatter.com/podcast/cloud-grid/mongodb-full-text...
The other aspect of coure is configuring Sphinx. That really depends on what you're doing and want from it. The forums are helpful and the documentation and wiki are superb. Really they are - read them!