To the people who are saying that they were hoping for more than this: this is still an incredibly early release. I'm willing to bet El Goog has a lot more to change before this hits our phones.
But imagine what CyanogenMod 8 is gonna be like!
I'm not sure if this is fake or real. It could very easily be a rewritten launcher, themed, and the build.prop edited. But it does look very professional and Google like - that app drawer looks like the latest release of the Market.
Also; I wonder what that 'Widgets' button is for? Is that the new Add menu? Hmm.