It forgoes the current template_group/template setup and creates “static” and “listing” pages that are all editable through a tree sitemap view. Now, traditional page style content and multiple entry pages can live within the same area. Designers & developers, your clients & authors will rejoice.
I can’t wait to try this out; I’m working on a couple of sites for which this could very well be a godsend. Man, I love the EE community.