You basically get the same Ubuntu base you're used to with all the repositories and PPAs intact, which if we're being honest are probably second to none in the whole Linux landscape, with a pretty vanilla GNOME 3 stack.
The devs just put out a call for more contributors today (http://ubuntugnome.org/urgent-need-for-more-contributors), and I'd love to see this distro take off. I'm also interested in seeing how they'll handle the whole Mir situation.