At this point I can tell you very little about it. For the paltry sum of $7.99 it can be had at Drive Thru RPG. That gets you the core rules plus a bestiary. There are also several free add-ons available, so you can get it all bundled into a single download (I did).
My limited exposure leads me to believe that character generation is a focal point of the designers. They have developed something reminiscent of a lifepath type system. Not as in-depth as a true lifepath system, but it definitely smacks of one. Certain points in character generation also inform the creation of the characters' home village. So, it is created right alongside them, which, if well done, would definitely invest the players in the nascent campaign from inception. Very groovy.
It is definitely based on D&D, with the expected attributes and other descriptive factors, such as class/level, hit points, etc. From my horribly brief perusal it seems to be based on a blend of B/X, with the unified attribute bonuses a la Moldvay, and 3.x, with ascending AC and BtH. It does have the Five Saving Throw scheme, but includes the Three-Fold Save scheme from 3.x as an optional rule.
It also includes some ideas unique to it. There is a section on True Names, which I find endlessly fascinating and underused. I can't comment on it beyond its inclusion, but the fact that is there is a good start. Reviews indicate that the magic/spell system is somewhat different, so that may be fun.
All in all, this should provide, at the very least, some new ideas and an interesting read. I would say that I'll post more about this at a later time, but we all know how those promises play out. So, I won't say it.