I've played around with this for a few days now. It's an incremental improvement over the last version, as usual. I love that they've included the compiz visual effects by default now. I hadn't gotten around to try them before but now I can't get enough of them. I keep switching workspaces for the fun of it!
Come to think of it, I have a hard time distinguishing what are genuine improvements from the last release and what are perceived improvements due to me getting to know the OS better. For instance, I just learned how to make a hotkey to empty the trash can, just like the autohotkey I have for that on XP. But the command line argument I used for that seems to have been available for a very long time - I just discovered it now.
Maybe this is a second good reason for having the biannual Ubuntu release schedule (the first reason being getting objective improvements at a steady pace): it gives those of us who mostly keep trying out and testdriving Ubuntu on secondary machines a way to get used to it in a more engaged manner. For by reinstalling and then out of curiousity looking around for, and reading up on, new features we tend to learn a lot about old features too.