Basically, it's Fedora with a very good selection of default software, with some extra repos like RPMFusion already enabled, and some metapackages to make it easier to install some of the extras like Adobe Flash Player.
Chris also installed the Jockey Device Driver Manager (like Ubuntu uses) to make it easier to install proprietary drivers (Nvidia, AMD, wireless, etc.) with a mouse click or two.
See more about it here:
https://kororaa.org/
Basically, if I wanted to use Fedora, I'd just use Kororaa instead, as the included software is the same software I'd normally use anyway, and it would save the trouble of enabling extra repos and install software I'd want to "tame" Fedora for my personal use.
Personally, I use Mepis 11 most of the time, and it uses a Debian Stable base. But, Debian Stable (currently "Squeeze") is getting to be a bit "long in the tooth" now, because it's been out for almost 2 years. That's one downside of using Debian Stable (new releases only come out around every 2 years). But on the other hand, it's solid as a rock.
If I wanted more "bleeding edge" software with a Fedora based distro, I'd use Kororaa (as I've been impressed with it, having installed it in VirtualBox for testing a while back).
Fedora is great in that you get newer versions of software frequently, thanks to a more aggressive release schedule; especially if you enable the RPMFusion repo. But, it can be difficult for new linux users. That's where a distro like Kororaa can help out, with a great default selection of software, extra repos already enabled, metapackages to help install some of the extras, and nice tools like Jockey for installation of proprietary drivers.