I actually like it. It's not a drastic departure from what we currently have, but it's integrating new features that EVERY developer can take advantage of. I also like that it has what appears to either be a speaker of a microphone, again, something that can be utilized by every developer because it will be bundled.
That's what I felt the MOVE, while...interesting in concept, was a retail failure because it was an additional purchase. Assuming the MOVE-like glow on the controller is for MOVE, I believe we can expect the Eyetoy 2.0 to be bundled, which is another bonus. I just hope it's HD (720p min) so that it can actually track properly (and do proper video chat).
The things that bother me are the analog sticks (more look than potential feel), the controller looks like it may be a tad thicker, and if thats a touchpad then it looks too tiny to really do any good (but im not creative to see its potential possibly).
Really small things, but enough to bug me.