Quicktime X

So I have well read/heard of OS X 10.6 snow leopard including a revised version of quicktime, codenamed quicktime X. This is supposed to be largely streamlined for media, and codec processing. Just like all of snow leopard is to be largely streamlined.

Well being the apple geek, who got excited by there being an iTunes 8 coming out, you guessed it, im curious about quicktime X. Does anyone know from a snow leopard beta, what is new/different about quicktime. Im just curious, maybe a new GUI/design?