Looks very interesting. They don't seem to have lost track of what's important in X-Com, which is encouraging.
In semi-related news, I hit the UFO:ET2 website briefly and noticed that the release is now shown as Q4, 2012. That's another significant delay. Don't know whether Chaos Concepts is horrible at creating a schedule or horrible at keeping to one, but they've definitely got some issues. That said, the numerous delays on UFO:ET1 proved worthwhile as the release was very polished and (AFAIK) actually bug-free, so hopefully the similar path produces a similar result.