Edit: Unfortunately, the images originally included in this post are gone, because of hosting problems in late 2009. My apologies.
It looks clean and sharp, although I believe the default theme and appearance will probably change before it hits the streets. I know PCManFM and Kazehakase are most likely to be included, but other than that, I can’t say for sure how it will differ from other IceWM-based desktops.
Now comes the fun part — watching to see how all the pieces come together. It’s got to be easier to set up than the Ubuntu IceWM distro … which I don’t think exists, really. :|