Well, I went and did it. I downloaded it (which is no mean feat considering that I have an unreliable 56k connection!) and started to install it.
My first impression: Installing it, for the most part, is very simple. Think even simpler than Slack, which for me is a lot simpler than wading through all of the options that RH gives to you. I am impressed.
Second impression: The only real sticking point, and it isn't really much of one, is that you will need to manually edit several files. Of course, I'm sure that if you read the fine manual it will be no problem (did I mention that I had to stop the install due to the fact that I hadn't read the manual yet. Silly me.). This part of the install is very near the end.
I can honestly say that considering that the version number is 0.3, just about any newbie can install everything without reading the manual (up until the point where you need to do the editing). With a little bit of foreknowledge, anyone should find that this distro is sweet and easy to use.
I am very impressed. Now, I must go so that I can read the manual and finish installing it.