It looks like the distro will be a Gentoo with binary package. They
seems to use the same package manager than Sabayon (wich is base on
Gentoo). It is a very nice looking distro based on XFCE4.

More at : http://planet.sabayonlinux.org/?p=73

I'm myself using Gentoo and Ubuntu. Gentoo is very powerfull and
customisable. I never have to reinstall everything because of a new
version of my distribution... Everything is compiled and optimised
for my machine. It sure imply more work and more time to tune and
maintain. But I don't think it is the case for Nova wich is a binary
distro like Ubuntu. Nova will be very easy to install and use for most
people. The experience should be similar to using Ubuntu.

And "no va" in spanish means "it doesn't work!!!". GM found out after
many years. They didn't know why the "nova" wouldn't sell... Ah!
those americans... They should know that you should do better
commerce in the native language of you clients ... The client is
always right!