What does it do?
It emulates a slightly extended vt100 with some extensions and bling thrown in.
Most escapes supported by xterm, rxvt etc. work
Xterm 256 color escapes work
Backgrounds (bitmap, scalable/vector, animated gif, videos)
Bitmap and scalable fonts supported
Themes for the layout and design
URL, file path and email address detection and link-handling
Inline display of link content
Multiple copy and paste selections and buffer support
Works in X11
Works in Wayland
Works directly in the linux framebuffer (fbcon)
Can be finger/touch controlled
Scan scale by UI scaling factors
Can render using OpenGL or OpenGL-ES2 (not a requirement - just an option)
Can display inlined media content (images, video, documents)
Can do multiple "tabs"
Can do splitting into multiple panes
Block text selection
Drag and drop of text selections and links
Can stream media from URLs
Tab switcher has live thumbnail content
Single process, multiple windows/terminals support
Fast (gives urxvt a run for its money)
Themable visual bell
The above list of features and then then some work currently,
with maybe some things not completely implemented yet.
Much more has yet to come, so this is not done by any means.
Just thought to share info as not an enlightenment user myself.