It installed okay, although the installer hung the first time as soon as it started to unpack files. I ran it a second time and no probs at all. The hardware detection went well, it didn't miss a beat. However it is giving me a little trouble with compositing. Say's its too slow and turns it off.
Currently PCLOS KDE 4.5.2/kernel 22.214.171.124.bfs.1 and Fedora 14beta KDE 4.5.2/kernel 126.96.36.199-46 both composite very well with functionality checks enabled. I am using an Intel 82G33 on an ASUS Benecia which is normally very Linux friendly and has always provided decent accelerated 3d for KDE4.x and Gnome/Compiz. I'm thinking it's a kernel thing.
Everything else is running quite well but the compositing issue is kind of a show stopper for me, so I think I'll wait for a few more updates and see what happens.