There's nothing text-based at all. Like p-unit said, it's completely graphical. When you turn it on, the first thing that shows up is a grey screen with a darker-grey apple logo in the middle. After 30 seconds or whatever of that, it goes to a blue background with an aqua window-ish thing, with a progress bar and notes like "Starting printing services" and "Establishing network" or whatever. But if you start up in single user mode (hold Command-S at startup), it's all text-based Unix stuff the whole way like you were asking about. But that makes sense, since single user mode is just a command-line console anyway, no GUI.
edit: I posted, then went to edit my post to add the stuff about what it looks like specifically. While I was doing that, the people below me posted. Sorry about the redundancy.