It's not really new. As far as I know, it's some failing Linux distros getting together with SCO (which I think used to be Caldera?) and SuSe. Basically, it's a SuSe distro. Seems a little corporate for me, too, but as far as user-quality I have no idea.
On the other hand, the only distro I've used so far is an old Caldera and... well, it's lame, but considering how out of date it is, it's okay. Don't think that's relevant to the current project, though - too much has changed.
If you've already downloaded it, might as well go ahead and give it a spin.