The video wasn't so great -- a lot of generalities and hand-waving, but it's necessary to have that kind of video to give folks a high level overview.
Loved some of the sample apps, though. "Here's a web page" -> 1 line of code. "Here's a web page that interacts with the user" -> 2 lines of code. "Here's a complete Wiki" -> 13 lines of code.
You gotta love ML.
Now for the criticism. I think I would have moved my meta language out into some kind of hybrid html/xml languages instead of trying to sock too much into the language layer. I'm more comfortable with templates or DSLs executing against a server stack layer than an integrated language that tries to describe it all.
Hope that makes some sense. Lots of dense material I glossed over.
Also, looks like it's done by people active on the OCaml mailing list. They are smart guys.
Worth checking out.