Better than 2009.1 - but many irritations remain.
PulseAudio now works better - there's now balance / fade controls. They also appear to have boosted the internal amplifier. However, tweaking individual speaker channels still requires mucking about with alsamixer in a terminal.
Plymouth replaces Splashy as the loading screen - complete with a 3D effect throbber instead of a progress bar. There's also a built in guest account, which saves userdata to a RAM disk rather than the HDD, so it all gets erased on logoff. Handy for showing a friend around your system without worrying about setting up a special account for them, or them trashing your existing setup and config.
Rpmdrake is still as painfully slow to refresh itself as ever - but the repos are bang up to date - even including FF 3.5.5 Epiphany is now Webkit based and gets a 100% score on Acid3 (compared to 91% for FF, or under 21% for Bill's Browsers - most of which still fail Acid2)