It sounds like it'll have higher resolution. Exciting to think what developers will do do once we get our hands on it.
Kotaku have a great video of it in action and walthrough the new features: http://www.kotaku.com.au/2013/05/kinect-2-full-video-walkthr...
At the time, everyone assumed MS just bought them to shut out competitors - but it appears they actually use the thing.
Microsoft bought them in 2010, and it seems like they finally got their tech integrated (and cut Primesense out in the process).
[1] http://venturebeat.com/2009/02/21/sources-confirm-microsoft-... [2] http://en.wikipedia.org/wiki/ZCam
That's my one gripe with the Kinect right now, it just needs too much darn space to work well as a gaming platform.