Okay, so I finally had a chance to test this and it's a pretty barebones Webkit browser.
Below is my quick rundown.
Pros:
* Uses very little memory - 6MB on first run
* Built-in translation support - probably uses some form of userscript, but it's the first browser outside of Chromium to support something like this
*
Groups - think of this like sessions in other browsers. I like that they view groups as bundled bookmarks, which is nice.
* Quick search supports adding input fields with POST variables. Opera supports this. Firefox with an extension.
Cons:
* All their search engines use affiliate links (not unlike other browsers, but I found this one more intrusive)
* Their built-in Adblock has a set list of subscriptions and you cannot add custom ones
* Quick search doesn't support shortcuts (eg. "g my search term" would search Google for "my search term")
All-in-all, not a bad little browser, but I won't be using it. I much prefer QupZilla instead.