Well, the vm boots pretty fast. It looks like a pretty lean xfce based distro aimed at the netbook platform. I haven't used xfce before so I can't really compare it to anything. It looks like it has an app for all the basic stuff with rpm based repositories.
Its got a mozilla based browser called minefield,but currently no word processing or spreadsheet apps installed on the VM i pulled down. The add/remove software GUI mainly has mainly just the low level system packages and some rudimentary development components. ie gcc compiler. There's probalbly more to it than I'm seeing but I'm off to bed now.