I've been waiting to install this new version of linux for a while. Then I ran into this review on OSnews.com (screenshots here). Pretty nice: I also have an old Armada m700 currently running Fedora Core2. I'll test Mandrake 10.1 on it, before testing out Fedora Core 3 as soon as it comes out.
Still waiting to be convinced ? This might be the right distro for you.
And make sure you check out this list of top 20 apps for Gnome as well!
Playlist: Axelle Red, live on France 3 TV. Good stuff.
Update: it seems this version has lots of improvements for mobility (read: features for laptop users).