As I said on the show a couple months ago; I'm stoked over this effort to bring standardization to small form factor (SFF) PCs. It's completely open and free to anyone to implement. It's also backward compatible, which will ease the minds of a lot of component makers.
HotHardware.com has an excellent short and concise look at the new form factor. I'm sure that when you finish reading it, you will be able to imagine one or more of these machines fitting right into your home or office and your life. I do.