As near as I can tell there is no ADC, no PWM, and it won't ship with I2C or SPI drivers. IO is 3.3 volt only, and there are only 8 GPIO. It also consumes a fair bit more power than the arduino, which may be an issue for some people.
It looks quite promising, but it isn't exactly an arduino replacement for easy hardware hacking, at least not yet.
Edit: 8 GPIO is a lie. Just like arduino, the other peripheral ports can be reconfigured as GPIO, so there are more like 17 available pins.