At the heart of Sandy Bridge is an essentially new processor microarchitecture, the most sweeping architectural transition from Intel since the introduction of the star-crossed Pentium 4.
*sigh*
In fact, it is NOT a new architecture.
It's the same marketing jamboowamboo when the Core 2 CPUs were introduced, which weren't a new architecture either.
Just like Merom was a refinement of its older Pentium M (Yonah) sibling, Sandy Bridge is a refinement of its Nehalem predecessor. Pentium 4 WAS an entirely new architecture at its time, but it was abandoned.
The only noteworthy thing about Sandy Bridge's architecture is a new set of instructions called AVX. AVX won't be supported for a while, since you need not-yet-existing Service Pack 1 for Windows 7 and an unknown new Mac OS release.
However, be warned. AVX will be very short lived according to current Intel plans. There's already a replacement announced for the next CPU generation, based on Larrabee's architecture. So it is highly questionable that AVX will ever see the same level of adoption as SSE.