Besides bringing new features and bug-fixes, this SysVinit replacement is also now at the version intended for Fedora 18. Systemd 195 will be borught into Fedora 18 while anything from here will just be back-ported fixes. Systemd 196 is what will then begin the Fedora 19 development cycle.
Some of Lennart's "cool new features" for this release is new switches for journalctl to be able to filter by time, the journal daemon now supports time-based rotation and vacuuming rather than just disk-space-based rotations, the journal now indexes the available field values for each field name, more service events are written as structured messages to the journal, gamewayd received numerous feature additions, gatewayd/journalctl now support HTML5/JSON server-sent-events as output, and various other improvements.
More details on the systemd 195 release are available from Lennart's mailing list announcement.